In interview how to explian about "TRAIL BALANCE and PROFIT & LOSS ACCOUNT for ACCOUNTS FINALIZATION" in short time?
Please provide me information
Thanks & regards
SHARATH
amarabada @ gmail.com
1 Replies
Sunil Liladhar Kotak
(Manager (F & A))
(2025 Points)
Replied 25 June 2010
Dear,
Trial Balance is the Summary of the Closing balances in different accounts as on the particular date.
& Profit & Loss Account Means the summary of Income Earned or Losses incurred for a particular year or a period
Sunil
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