18) Difference between Income & Expenditure and Profit and
Loss Account?

Answer Posted / rahul kanojiya



Answer
1 Income & Expenditure prepare non-profit organisations
such
as schools and colleges trusts and where as Profit and
Loss Account prepare all the a/c of the expenses and we
get net profit from the p/l a/c . ....

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is communicating

1525


what are Equity shares,Preference shares,Bonus shares,Bond,Debentures,Dividend?

4418


what is the nature of bill receivable and consignmenta/c

1994


What is invoice accounting rules?

1348


Expand---------PSRT

1581






plz tell me the finance questions asked in hsbc latest question asked in hsbc?

1533


HI i have been shortlisted for the Syndicate bank PO post. Can any one guide me about the interview questions..and answers?

1622


how can i make transaction related to inflation account in sap ?

1580


sir i'm having exp as a HR-Recruiter, now i'm willing to work in other areas of HR.Is learning of accounting courses such as (Payroll mgmt,TDS, service tax, vat, provident fund, gratuity fund, Tally ERP.9 )is necessary? if so, kindly guide me what all accounting courses i need to study to work in other areas of HR. or what are the qualifications required to work in other areas of HR? 2)one of my friend would like to know the job profile for Finance admin..

1562


what is the use of accounting standards

1462


what is Derivative Documentation,Derivative Settlements,Derivative confirmation?

1781


A----------involves transfer of money or moneys worth from one person to another

1436


What is Merger?

1910


im preparing for the sbi clerical post please send me the solved questions.

1779


Accounting related interview questions on ibm

941