0
What is difference between P and L statement and income and expenditure statement?
Wiki User
∙ 9y ago
Income and expenditure account is used by not for profit companies as they are formed for not for profit basis that's why they cannot use profit and loss account.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Difference between Income statement and Profit and loss account?
Income statement shows only income of the concern in a particular period but Profit and loss statement shows both income and expenditure of a firm or concern for a particular period as well as it helps to know the performance of the organisation....
What is the net cash flow?
Net cash flow is the difference between income and expenditure.
Difference between receipts and payments account and income and expenditure account?
what is the different between error of transposition and casting
What is between revenue and expenditure?
revenue is income and expenditure is an expense
What is the difference between income tax expense and income tax payable?
Income statement & balance sheet.
What is the difference between income and expenditure incurred?
Inflow of money is income . Outflow of money is expenditure
What is the difference between capital income and capital expenditure?
Income is money coming in, expenditure is money going out (spending).
Which financial statement summarises income and expenditure?
income statement
Distinquish between savings and financial surplus?
This is the difference between Income and Expenditure in a non-profit making business, where the income exceeds expenditure
Difference between Income statement and Profit and loss account?
Income statement shows only income of the concern in a particular period but Profit and loss statement shows both income and expenditure of a firm or concern for a particular period as well as it helps to know the performance of the organisation....
What is net flow?
Net cash flow is the difference between income and expenditure.
What is the net flow?
Net cash flow is the difference between income and expenditure.
What is income expenditure?
A statement that records the income and expenditure of an organization such as a charity,whose main purpose is not the generation of profit.
What is the net cash flow?
Net cash flow is the difference between income and expenditure.
Difference between receipts and payments account and income and expenditure account?
what is the different between error of transposition and casting
What is between revenue and expenditure?
revenue is income and expenditure is an expense
When a cash surplus exists on your income and expenditure statement you can?
increase your investments
