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 )
- 13 Answers
- 37292 Views
- Genpact, Symbiosis, I also Faced
- E-Mail Answers
Answer Posted / c a indudhara
It is called as "Profit and loss"not "profit or loss" why because.
Profit and loss account contains both profit from some operations and loss from some operation ex: profit on sale of asset and loss on sale of investments
As this statement contains both the thing, so it is called as Profit and Loss account
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
explain about mergers & aquisitions? asked on 30/7/09
What is Risk Assessment?
when apply for ragistred in central excise no
what is dieerence between capital cpapital structure
Hello... i am looking jobs in investment banking, derivates and BRS and i apply nakuri,Timesjobs and monster. But i did not get the job. so if websites and ID. Please help me.. Thanking u...
what is payment method?How many payment method we can assign to company code.
What is EBITDA
hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
Clasify capital
What is the base for issuing of C-form date of sale or date of purchase since goods sent by one quarter ended may reach in next quarter.
Expand-------NAC
How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?
What si the differance between REVENUE and PROFIT?
Received credit note for Rs 3500 towards transport charges on the goods supplied from Vinod traders. The transport charges were already paid at the time of delivery. Pass entries at the time of payment of transport and for credit note
WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?
