Ask Experts Questions for FREE Help !
Ask
    madsagar's Avatar
    madsagar Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 26, 2010, 10:05 AM
    Why do we need to maitain a profit and loss A/C
    Why do we need to maintain a profit and loss A/C
    rajeshiyer's Avatar
    rajeshiyer Posts: 2, Reputation: 1
    New Member
    		  
    #2

    Jul 31, 2010, 01:29 AM

    So that u could record all your expenses and losses and income and gains and make out what's your profit or loss for the particular year
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Profit and Loss [ 3 Answers ]

Tropical Joy ia an Atlanta based seller of fruit baskets. The company markets its wares over the internet, selling baskets on a regular basis in fifteen states including three west of the Mississippi River. California, Nevada,and Arizona. The company has experienced tremendous growth during its...

Profit/ loss Statements [ 2 Answers ]

Is there such thing as a profit/loss statement for dummies? I don't understand how to fill one out.

About profit and loss account [ 1 Answers ]

I would like to ask do we need to record discount allowed and discounts received in the profit and loss account .

View more questions Search