Interested to Buy Any Domain ? << Click Here >> for more details...
does all exp and all incomes appear in profit and loss a/c???
- 2 Answers
- 3830 Views
- NK, I also Faced
- E-Mail Answers
Answer Posted / vinodh1982
Yes and according to the 3rd of the "Golden Rules of Accounting" which is the nominal account - All expenses/losses and incomes/gains are to be transferred to the P&L A/C. This will then help arrive at the right profit / loss for the enterprise based on which decisions can be taken
| Is This Answer Correct ? | 13 Yes | 0 No |
Post New Answer View All Answers
if sale aganst c form interstate sale.when i file the return party not give me c form then give by our company wich type panelty give me detail?
Give me the asset revaluation (at the time of asset value increase & decrease) journal entrys?
what is the main difference between nse & bse operations
Expand-------NSAC
If its is declared by auditor that business is not going concern that what journal entry will be pass?
about tally erp9
Expand-------CAN
Can you explain about the distinction of Book-Keeping and Accounting
what are the content of purchase order?
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
How are fund-raising and publicity and management and administration costs apportioned over funds?
Whether construction of office cum storage comes under CMA under Agriculture or Non Farm Sector
define drawer or maker
Mention some of the major contributions made by you in your present and previous jobs
My company's accountant use two different way to calculate Depreciation,one as per Companies Act and another rate for Income Tax calculation. Why we have to use two way to calculate it? Can we just use one way to calculate?
