Kamla Amarnauth

• Jun 2nd, 2012

 

P& l account do not include asset accounts

pushpa c bonal

• Jun 7th, 2012

 

1) P/L is prepared to ascertain net profit or net loss
2) P/L balance is transferred to balance sheet
3) Records various income and exp

Trail Balance
1) It is statement containing various ledger account balance
2) Prepared to check arithmetical accuracy
3) It does not indicate profit and loss

laukesh

• Feb 8th, 2015

 

P/l is a statement prepare for the Period showing the profit and loss of the company.where as the TB shows the actual position of the company as on date.

Pl include only exp and income where as the TB include the asset and lib and Exp and Income

Prabhakar pegu

• Jul 17th, 2015

 

Discuss about the micro environment in detail.

Anilkumar

• Mar 17th, 2017

 

I would like to know in current year trial balance, is the current year profit and loss account is reflected. Please advice

Acharya

• Jan 17th, 2018

 

P & L is the part of Trial Balance, In trial balance we can see all the ledger account, Income, expenditure, gain, loss, assets and Liabilities, from these other than assets and liabilities all other items pull into PL

shubham

• Nov 7th, 2019

 

your answer is best and perfect and they have one point is profit and loss is the part of trial balance like expenditure, income these are the point to my point of view otherwise your answe is excellent