Profit & loss Account
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 December 2010
Dear Sir's
At the time of making profit & loss account, what kind of technical things should be taken in to consideration.
At the time of making profit & loss account, what kind of technical things should be taken in to consideration.
03 December 2010
as concerned my knowledge we find things when preparing the P&l ACCOUNTS.
IF manufacturing company mainly valuevated the inventory according the AS-2.
Concentrate on the interest receivables and paybles
loan payments and advances
any other statutory dues
reserves and provisions after the calculating the profit
its called as a profit and loss account apportions.
and another important issues is calculating the depreciation of fixed assets.
TAX are matched with the commercial dept files and audit records
IF manufacturing company mainly valuevated the inventory according the AS-2.
Concentrate on the interest receivables and paybles
loan payments and advances
any other statutory dues
reserves and provisions after the calculating the profit
its called as a profit and loss account apportions.
and another important issues is calculating the depreciation of fixed assets.
TAX are matched with the commercial dept files and audit records
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