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Home » MBA Interview Questions » MBA-Finance Interview Questions » what is the difference betwen p & l a\c and income & expenditure statement?

what is the difference betwen p & l a\c and income & expenditure statement?

Expert Suggestions on Preparation for Computer Based CAT-09


what is the difference betwen p & l a\c and income & expenditure statement? 

P&L A/c is prepared for the Business Organization whose aim 
is to earn profit by running business whereas Income & 
Expenditure A/c is prepared for the non-Profit 
Organization,Trusts etc.


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