Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

why is it called profit and loss account why not profit or
loss account, ( u either get profit or loss )

Answer Posted / cr group

From Busineess Active ,you got profit from one activity ,loss from another activity so over all u got profit or loss

Is This Answer Correct ?    1 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How exchange rates are maintained in sap

2022


What is miscellaneous expense and when it is used

2112


Define Bill of Exchange

1980


1.explain the accounting concepts ? 2.what are the objectives of preparing a trail balance ?

2071


Who to create a budget on software company

2136


post pscwb question and answer for accounting paper I & II for govt.officers departmental examination.

2658


What is the procedure to take loan

2252


Explain the word Liquidation

2041


HOW TO MAINTAIN BANK A/C

2088


What is the meaning of Receipt & Payment, Income & Expenditure, Profit & Loss A/c? Under What cercumstances these are prepared?

2590


Short Answer on _____________Accident Insurance

1764


objective of accounting

2043


Short Answer on ______Budget

1964


define accounting,scope of account , types of account ?

3601


what is general HR?

2156