Interested to Buy Any Domain ? << Click Here >> for more details...
IN PROFIT AND LOSS ACCOUNT WE MAY EITHER GET PROFIT OR
LOSS.SO WHY IT IS PROFIT AND LOSS ACCOUNT INSTEAD OF PROFIT
OR LOSS ACCOUNT ?
- 6 Answers
- 10949 Views
- I also Faced
- E-Mail Answers
Answer Posted / pnkjay
1.In P&L A/c individual items of profits and losses are
posted and then net profit or loss is found out.
2.It may be Gross Loss and Net profit or Gross profit and
Net loss.
So, it is called Profit & Loss account
| Is This Answer Correct ? | 9 Yes | 2 No |
Post New Answer View All Answers
what is the use of accounting standards
why are you selecting for the profitbulity analysis costing based& active based
How Are The Balance Sheet And Income Statement Connected?
I customized the tax procedures, after posting normal g&l (f-02), i got an error, error is complete lineitem display, its popup error message num, how can i find the message error, whats the t-code
Can anybody tell me how much salary m show in my resume for expection for the next job m graduate 2year accounts experience?
give the details of overheads which are not included in costing
genpact uk based shift timings? and R2R job profile?
outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
You configured new assets accounting for your company code with three depreciation areas that post in real time. When posting an external acquisition. How many documents are created?( any 1 answer) 2 3 4 6
an amount deducted from the catalog price for an item of merchandise is called?
What is the process of VAT & CST Registration?
what is the cost and financial accounting? what is double entry system ?
what is the difference between planned and non planned budgt
How Many Types of Excise Duties?
A sample book on interviews is ready for free circulation with 7 chapters i.e Journal entries helpful for various occassions,Terminology,Abbreviations,Test your terminology,Multiple answers, Fill in blanks and Income tax send your requisition for Free Book Immediately to satyaki_raju@yahoo.co.in
