Income & Expenditure A/c collects information from Trial Balance when complete sets of books and from Receipt & Payment A/c when sets of books of accounts are not maintained. Profit & Loss A/c collects information from Trial Balance and other given transactions.
3 авг. 2023 г.
Income and Expenditure Account of a Not-for-profit Organisation is similar to Profit and Loss Account of a business concern. |
It is the account that is prepared for finding a net profit or a net loss. It is the account that is prepared for finding the excess surplus over expenditures. |
15 мая 2021 г. · If by “expenditures” you mean “expenses” then profit or loss is basically the net difference between income and expenses. If income is greater ... What are the similarities between profit and loss account and ... What is the difference between a profit & loss account ... - Quora What is the difference between income statement and profit and ... Другие результаты с сайта www.quora.com |
Income and Expenditure Account is a Nominal Account which is prepared at the end of the accounting period by a Not-For-Profit Organisation to ascertain the ... |
Income and expenditure account is prepared by not -for profit organisation whose aim is not to earn money. Profit and loss account is prepared by business ... |
Income statement vs profit and loss: What's the difference? uk.indeed.com › ... › Career development
28 авг. 2023 г. · Learn the difference between income statement vs profit and loss ... The main components of income statements are revenue, expenses and net profit ... |
Income and expenditure account is account which is prepared for finding the excess of income over expenditures or excess of expenditures over incomes. |
9 июл. 2023 г. · Both income and expenditure account and profit and loss account show incomes and expenditures that are revenue in nature. |
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