Which of the following ac's affects the Profit and Loss 1) Accounts receivable 2) Accounts Payable 3) Sale Income?

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Is there any specific difference of use of terms Income/expenditure and profit/...
Posted by:
Konain Abbas Khan
12-September-2013

Accounting Economics

Question added by Muhammad Asim , Accountant / Inventory controller , Eye Media LLC
Date Posted: 2016/05/09

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1 Answers

by Peter Sequeira , Acountant , Milroc Good Earth Developers

Sale Income. Accounts receivable and accounts payable will reflect in the Balance Sheet.

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