Why do call p&la/cas a P&l a/c ?, why not P{or}L a/c
Answer Posted / laxman
Exactly we don`t know whether we get a profit or loss at
the end of the accounting period, thats why we call p&l a/c.
| Is This Answer Correct ? | 13 Yes | 10 No |
Post New Answer View All Answers
Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From
what salary you expect???
Short Answer on __________Trade
What is payment/receipt/period accruals?
Apportion Rs 125000/- Nett loss among the partners A,B,C as per their sharing ratios 32%,16% and the balance to C. Pass journal entry
how to maintain E-Commerce companies accounts
Why are there 30 blue-chip companies only considered in bombay stock exchange.And why those thirty only effect the sensex
AN ESTIMATE OF ASSETS AND LIABILITIES ON AGIVEN DATE
what is audit mean? what is vouching? how to finalize the account? what is the meaning of + cast < as per last year auditor’s a/c ^ as per ledger JV journal voucher PV payment voucher AJV authorised journal voucher APV authorised journal voucher RV receiving voucher PCV petty cash voucher CPV cash payment voucher DN debit note DO delivery order PO purchases order CN credit note PS policy schedule RPS renewal policy schedule B bill Cx cross check nCx cannot cross check CB cash bill L list/letter SRF stock requisition form R report OR office report INV invoice DS deposit slip AB assessment bill Re receipt ECF entertainment claim form ATRF air ticket requisition form
Define `Realisation` Account? Explain the salient features?
Who is called consignor
how a fund flow statement benefit the individual, corporate?
I have an S Corporation called Trend Foods Inc. I would like to make a division of that company that services computers and call that Trend Computer Service. I do not want to set up another Corporation for Trend Computer Service. Can I just make a division of Trend Foods and what paperwork do I need to fill out to make that happen? Thanks for the help, Jim
WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT
why do we charge the depreciation