"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
Do you learn better if you work through problems yourself?
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.
For more detail contact :
jaygulani@yahoo.co.in or dial 09424515253
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.
For more detail contact :
jaygulani@yahoo.co.in or dial 09424515253
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 ..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Average Cost Of High Quality Diamonds
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
