Question
'Income & Expenditure Account' and 'Profit & Loss Account'
Answer :
Word Count : 126
| Basis of Difference | Income & Expenditure Account | Profit & Loss Account |
|---|---|---|
| Nature | It is prepared by non-trading or non-profit organizations. | It is prepared by trading or business organizations. |
| Basis of Preparation | Prepared ____ __________ __________ __________ ______ _________ ______ ____ _________ ______ ________. __________ ______ ____ ____ ________. _____ ____ __________ _________ ______ _________ ____ ________ ________ _____. ________ ___ _________ _______ ____ ______ ____ _________ ____. _________ _______ ____ _____ _____ ______ ________ _____ _______ _______ __________ ___. _______ ____ ________ _____ ________. __________ ____ ________ ______ _________ _____ ___. ________ _________ _____ __________ _____ ___ _____ ________ _____ __________ ________ ___. ________ ___ ______ _____ _________ _________ ___ ____ _____. __________ ________ _______ _____ ______ _________ _____ ________ _____ _____. _____ ____ ________ _______ ______ ______ __________. ______ ____ ___ ________. Get Full Answer on WhatsApp IGNOU NEWS Assignment Submission Last Date Extended Till 30 June 2026 Click Here★★★IGNOU June 2026 TEE Date Sheet Released Click Here★★★ Top |