Trending Profit Analysis Discussions

What are the main differences between the income statement and the profit and loss account?‎

What is abnormal profit?‎

What are the differences between Indian & Dubai accounting standards in a broader perspective? ‎

How do i prepare a profit and loss account for a new company using pre operational expenses of 10m and share capital of 90m?‎

What are the tangent of life membership fees in non profit organizations? ‎

Gross profit (20% on sales) = 60000?‎

Profit and loss ac ka credit balance ye kis a/c m jaega currnt laibility ya currnt asettes?‎

 

Answer added by  Ashraf E. Mahmoud (PhD), University Lecturer, Freelancer Consultant and Trainer for Int'l Business & Banking TF., FreeLancer
6 years ago

Thanks for invitation, In a very brief and precise wording: 1-      Profit and loss account is in fact not an actual account , but it is a default account issued in order ... See More

 

Answer added by  malik mussa hachem jubara jubara, Data Analyst, Hiba international organization
6 years ago

One of the major differences between the profit and loss statement and the balance sheet involves their respective treatments of time. The balance sheet summarizes the fi ... See More

 

Answer added by  Raja Paras, FINANCE EXECUTIVE, HOSPITAL SUPPLY CORPORATION
6 years ago

You can determine only gross profit from P/L but Income statement shows the whole amount that you earned (Net Profit)Secondly Income Stament shows the Whole worth of your ... See More