How to differenciate in between P/L items and B/S items?

Question added by Deleted user
Date Posted: 2013/06/12

Upvote (1) Views (3) Followers (0) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

1 Answers

by SALIK RAFIQUE , Lecturer , PAC Group of Colleges

B/S items can be carry forward to the next fiscal year and P/L items can not be.
B/S sheet shows the financial position of the company and P/L shows the financial performance of the company.
B/S is as At and P/L is for the year

Upvote (1)

Downvote Reply () Report

More Questions Like This

What is a tangible item called when it exceed its shelf life? Is it considered as a revenue source? If so, that particular item require maintenance?
Top Answer: <p>Tangible items means...items which can be seen....and it needs maintainence. while accounting i ... See More

Answers (1)
A Company has the following items recorded on its financial records:
Top Answer: Total assets are $600,000.00 and The treasury stock should be in equity section. See More

Answers (6)
The project team is considering whether to purchase a service or do it themselves. One of the items that should not be considered in their analysis is?
Top Answer: Option-D A competitor’s method of outsourcing See More

Answers (1)
When items to be purchased for a project are specified by performance characteristics?
Top Answer: B. the supplier is held liable for the operation of the item C. the supplier is held liable for that the ... See More

Answers (1)

Products By Bayt.com

Use Our Mobile App

Start networking and exchanging professional insights

How to differenciate in between P/L items and B/S items?

Popular Searches

More Questions Like This