112 Best Accounting Questions and Answers (Q&A) - ProProfs Discuss

What is the difference between gross vs net pay?

Perez D.Scarlett
Answered: May 03, 2018

Gross pay is the measure of cash your representatives get before any assessments and reasonings are taken out. The ideas of gross and net income have distinctive implications, contingent upon...Read More

2 Answers

245 views

What are the three sections of the Cash Flow Statement?

A.Layla
Answered: May 01, 2018

The cash flow statement demonstrates how much cash comes in and leaves the organization over the quarter or the year. At first look, that sounds a great deal like the wage statement in that it...Read More

2 Answers

245 views

How do you calculate gross and net margins in Microsoft Excel?

I.Elizabeth
Answered: Feb 02, 2018

Microsoft excel is a powerful tool for those who know how to use it you can incorporate a number of formulas that allow you to automatically incorporate a specific system into the different tabs....Read More

2 Answers

232 views

How can I finance a used car?

C. Marcus, Content Developer
Answered: Aug 23, 2018

There are different services that provide you with used cars. One reliable means of getting and financing a used car is through KMPL car finance. They will arrange all the speculation s with you...Read More

2 Answers

229 views

What is the difference between Debit and Credit in Accounting?

C. Lopez, Chauffer
Answered: Mar 12, 2020

Debit refers to an amount or expenses paid into an account from another, and it results in a decrease in liabilities and an increase in assets or equity on the balance sheet. Debit originates...Read More

1 Answer

135 views

What is the difference between Net and Gross?

H. Ruby
Answered: Mar 17, 2020

The word gross is used to refer to the earnings derived by a business organization over a specified period. This income could be a month or a year without deducting anything from the set amount. A...Read More

1 Answer

121 views

What is the difference between Non-Profit and Not-for-Profit?

G. Deacon, Civil Engineer
Answered: Jun 09, 2020

There are various organizations that work for humanitarian or educational reasons. The profit, which is generally referred to as surplus that these establishments earn, is not distributed among...Read More

3 Answers

113 views

What is the difference between Corporation and Incorporation?

A. Samuel, Content Manager
Answered: May 19, 2020

A corporation is formed with the intent to carry out a business of some kind. Incorporation is a process by which a corporation is established. Incorporation is the legal process of setting up a...Read More

2 Answers

104 views

What is the difference between NRI and NRE Accounts?

S. Hughes
Answered: May 19, 2020

NRI stands for Non -Resident Indian, and NRE stands for Non -Resident External. All these kinds of bank accounts are given to India's citizens. The majority of Indians who want to earn money or...Read More

2 Answers

101 views

What is the nature of this expense?

Factindia
Answered: Apr 25, 2024

Revenue Expenditure

1 Answer

89 views

What is the difference between GAAP and Statutory Accounting?

E. Barnes, Professional Gamer
Answered: Apr 14, 2020

Statutory Accounting Principles is also referred to as SAP, which is its abbreviation. SAP is used in the preparation of financial statements of insurance companies. In the U.S, the authorized...Read More

1 Answer

74 views

What is the difference between Accounting and Financial Accounting?

J. Rogers, Rosshazlewood
Answered: Jul 10, 2020

A lot of people may feel that accounting and financial accounting are the same, but actually, there are some differences that you should know. When you say accounting, you are focused on the day...Read More

1 Answer

70 views

What is the difference between Available Balance and Ledger Balance?

H. Jones, Web Content Writer
Answered: May 20, 2020

The significant difference between ledger balance and available balance is the total amount of money in the bank balance according to the books of accounts, particularly in the morning. On the...Read More

2 Answers

67 views

What is the difference between Chartered Accountant and Management Accountant?

C. Lopez, Chauffer
Answered: Feb 27, 2020

There are two jobs, in particular, which are sought after in the financial world. These are chartered, accountant, and management accountant. Management accountant calculates and dictates the...Read More

2 Answers

57 views

What is the difference between Cash Flow and Net Income?

D. Smith, Musician
Answered: Jun 18, 2020

When you say net income, this means that you are getting to know the income that has been received for a certain period of time. For example, you would like to know the income that the company...Read More

1 Answer

55 views

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