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What is the difference between profit and loss account and profit and loss appropiation account?
Profit and loss accont is used to calculate the profit or loss of business while profit and loss appropriation account is used to allocate or distribute net income or loss to share holders or different reserves account.
What is the best bookkeeping software for a not for profit business?
Peachtree is a very good bookkeeping software that can be used by not for profit businesses. It will work very nicely.
Why would stock be expensed in the profit and loss account?
Stock would be expenses to the profit & loss account (P&L) when: * It was used, or * It had no economic value
Why is depreciation is charged on profit and loss account?
Depreciation is the allocation of the portion of assets value to fiscal year in which it is used it is charged to profit and loss account because it is that portion of asset value which is expensed and expenses are shown in profit and loss account.
What unit of measurement is used in management accounting?
profit and loss summary
Is operating expense on Profit and Loss?
Operating expense is a loss, but is used in calculating overall profit.
What is the difference between profit and loss account and profit and loss appropiation account?
Profit and loss accont is used to calculate the profit or loss of business while profit and loss appropriation account is used to allocate or distribute net income or loss to share holders or different reserves account.
What is the best bookkeeping software for a not for profit business?
Peachtree is a very good bookkeeping software that can be used by not for profit businesses. It will work very nicely.
Which account you in 3 net loss?
The profit and loss account is the account that can be used to calculate the net loss.
Why would stock be expensed in the profit and loss account?
Stock would be expenses to the profit & loss account (P&L) when: * It was used, or * It had no economic value
What type of software could be used for each what calculating household income and spending?
What type of software could be used for each of the followingcalculating household income and spending?
Why is depreciation is charged on profit and loss account?
Depreciation is the allocation of the portion of assets value to fiscal year in which it is used it is charged to profit and loss account because it is that portion of asset value which is expensed and expenses are shown in profit and loss account.
What unit of measurement is used in management accounting?
profit and loss summary
What is a schedule C?
Schedule C is used to report profit or loss from business.
What Is The PL Account?
The PL account is what is commonly referred to as profit and loss account. This is used to record the income and expenditure of a business so as to establish the profit or loss of the business for a given period.
What is difference between P and L statement and income and expenditure statement?
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.
Which Methods are used for calculating national income in India?
The income of a country can be calculated by three different procedures. The products produced, domestic profit and the amount spent.
