Differnece Between Profit AND Loss & Balance Sheet

-


                          Profit & Loss  A/c                                                

                                  1.  It is prepare at the end of the year.       

                                  2.  It provide Net Profit.                                                                                                        
                                  3.  Only nominal accounts recorded in it. 

                                 4.   It can provide only expenses detail.  

                                 5.    It is an Account.                                    

                                 6.    It is related to a particular year.           



https://amzn.to/2BX03cN



                                       Balance Sheet


                                1. It is prepare as on date.

                                2. It provide Assets and Liability as on date.   
   
                                3.Only Real AND Personal accounts recorded in it.

                                4.It can provide trade finance position as on date.

                                5. It is an statement.

                               6. It is related to a particular date.










Comments

Post a Comment

Popular posts from this blog

Golden Rules Of Accounting

-
Image
Q.  Do you know about " Golden Rules of Accounting?" Ans. There are  "Three Golden Rules Of              Accountin" .These rules are the base of        accounting. Rules are as under -         1. Personnel Account :-        Dr. The Receiver      Cr. The Giver 2. Real Account :-     What comes in Dr.      What goes out Cr. 3. Nominal Account :-     All losses and expenses Dr.     All gains and Profit Cr. https://dl.flipkart.com/dl/product/p/itme?pid=BKPFUVPDS6XK9VHP&lid=LSTBKPFUVPDS6XK9VHPUZXXOC
Read more

Teacher's Day Special

-
 Teacher is base of our life. Guardians are our first teacher and our home is our first school. Our mother tongue is our base language.    So, Teacher's role is very special in our life. They are the persons who provide us better guidance to always choose right path at all. https://www.amazon.in/s?k=govindamm+enterprises&sprefix=govindamm&ref=nb_sb_ss_i_1_9     As I know Teacher is like a Potter who is shaping our community and society to live life through better way. There are many ups and downs in everybody's life, but if our base is strong we can face everything without fear and survive in any circumstances.      So, Teacher's are building strong base to build The Nation strong. They teach us how to behave with elder's, Youngers and colleagues. https://www.flipkart.com/govindamm-gold-zircon-alloy-metal-hoop-earring/p/itmfc5c846e193b2?pid=ERGFM9HZS2EPSVA6&lid=LSTERGFM9HZS2EPSVA6D2GMEI&marketplace=FLIPKART&fm=productRecommenda...
Read more

Do you know?

-
Do You Know?, Books are our best friend. There are many types of books like Hindi, English, Science,Maths, Social Science, Literature etc.      We can get everything things through books like famous places,About Historical Buildings, Tourist Places, Famous Temples and many other things which we want.      With the help of books we can travel throughout the world. Books are the best way to know about our historical ups and downs. There are many things in our History which is still out of our knowledge but with the help of our best friend(Book) can get those unknown information and  facts also.       As example :  Ramayan is our Religious book which is based on the Life Story of Lord Ram. In this book,there are a "glimpse of our ancient Bharat and Bhartiya Culture." Further more,There are Four Vedas (Rigved,  Yajurveda Samved, Atharvaveda) which are full of wisdom and knowledge.     
Read more