In Trading A/c & P&L A/C J.V.'s Come or not or actual expenditure incurred will come. what is major difference between income & expenditure A/c And P7L A/c. if suppose purchase of bricks it come in trading a/c as j.v also payment. clarify me.
27 September 2011
The income and expenditure is prepared by th non-profit making organisation whereas th profit & loss a/c is prepared by profit making units
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