What is Profit & Loss Account?
What is Profit and Loss Account ?
The Profit and Loss Account starts with the credit
from the Trading Account in respect of Gross Profit or Debit if there is Gross
Loss. Thereafter, all those expenses, which have not been debited to trading
account, arc debited to profit and loss account. If there are any incomes or
gains, for e.g. rent received on premises sublet, interest on investments,
discount received from suppliers, these will be credited to Profit and Loss
Account.
Format of Profit and Loss Account (For the
year ending on----)
|
Particular |
Amount |
Particular |
Amount |
|
To Gross Loss b/d To Audit Fees To Conveyance Exp. |
****** ****** |
By Gross Profit b/d By Dividend |
****** |
Join COC Education, We
provided best video classes for CA/CMA/CS/Class 11th & 12th/ B.com/M.com
Contact us on- 9999631597, 8448322142, 7303445575
Visit YouTube Channel CA/CMA Santosh Kumar
Click Now for Demo Video www.coceducation.com/free-lectures
Join WhatsApp group for your domain course www.coceducation.com
ENROLLED WITH US TODAY AND ENLIGHTEN YOUR CAREER!!!
Related Courses
.png)
.png)
.png)
.png)
.png)
.png)
Top Reviews
Introduction to Statistics for CA Foundation
Introduction to Statistics for CA Foundation Business Mathematics, Logical Reasoning and Statistics is designed as per latest CA Foundation syllabus for Paper 3 to provide a firm grounding in the principles, techniques and practice. The book adopts self-study approach and has been written in student-friendly manner. With a blend of conceptual learning and problem-solving approach, it offers in-depth understanding of the basic mathematical and statistical tools. #introductiontostatistics
.jpg)
Chapter X of Companies Act 2013
Chapter X of Companies Act 2013 The company shall place the matter relating to such appointment for ratification by members at every annual general meeting. ... Under the Act, the provisions for rotation of auditors in the listed Company & certain other class of Companies, have been provided for. #chapterxofcompaniesact2013
.jpg)
Relevant sections under the Companies Act, 2013 dealing with fraud and false statements
Relevant sections under the Companies Act, 2013 dealing with fraud and false statements The new parent corporate law “The Companies Act 2013” is mostly ... I am limiting my write-up to the provisions to the Act, and I request the readers to refer relevant rules, if any, before ... in the 2013 Act is the Section 447 dealing with “Punishment for fraud”. ... Section 448
.jpg)
What is Corporate Image
What is Corporate Image A corporate identity or corporate image is the manner in which a corporation, firm or business enterprise presents itself to the public. The corporate identity is typically visualized by branding and with the use of trademarks, but it can also include things like product design, advertising, public relations etc #WhatisCorporateImage
.jpg)
What is Energy Audit
What is Energy Audit An energy audit is an inspection survey and an analysis of energy flows for energy conservation in a building. It may include a process or system to reduce the amount of energy input into the system without negatively affecting the output. #whatisenergyaudit
