"Sheet" and "Account"
This query is : Resolved
06 April 2009
Why is it that P & L is called P & L account - a "Account"
and
Balance sheet - a "Sheet"?
Why not vce versa?
Thanks
Anil.
and
Balance sheet - a "Sheet"?
Why not vce versa?
Thanks
Anil.
06 April 2009
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You don’t have to listen to a boring lecture. Our teacher will guide you through the problem-solving.
Learning on an interactive platform using examples and illustrations that will keep you interested
Travel and holidays need not be an issue- you can access online tutoring anywhere and at anytime.
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07 April 2009
b/s is sheet which shows the status of company as on that date...i mean financial status
and p&l is account as its for the year and which gives us the figure of profit...
and p&l is account as its for the year and which gives us the figure of profit...
07 April 2009
B/S shows the finalcial position of a business ( a sheet describing the status of firm )
P& a/c is the transfer of accounts a the end of the year to know the profit or los occured by the firm ..
P& a/c is the transfer of accounts a the end of the year to know the profit or los occured by the firm ..
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