Income statement and Balance sheet statement

Which items belong in income statement and do not belong in balance sheet statement

Showing Answers 1 - 4 of 4 Answers

Rekha yadav

  • Dec 18th, 2007

Income Statement or                                                         Balance Sheet statement
Profit & Loss statemet                                    
                                                                 It records all Assets,  Liabilties, Capital
1. All Expenses                                                  
2. Office Expenses
3. Administrative Expenses
4. Selling & Distribution Expenses
All income & gains
Commission received
Rent received etc.

  Was this answer useful?  Yes

Give your answer:

If you think the above answer is not correct, Please select a reason and add your answer below.

Answer Question

Click here to Login / Register your free account

Send   Reset


Related Answered Questions


Related Open Questions