Total Pageviews

Monday, June 25, 2012

What is the difference between Profit and Loss account and Income & Expenditure statement?


What is the difference between Profit and Loss account and Income & Expenditure statement? 

1 comment:

  1. P&L A/c is prepared for the Business Organization whose aim
    is to earn profit by running business whereas Income &
    Expenditure A/c is prepared for the non-Profit
    Organization,Trusts etc.

    ReplyDelete