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The basic things between that, all organizations deals are ,Production and Productivity.Any organisation is for production, and profit lies in productivity.
So, we first introduce Production and Productivity, a basic definition. 234 more words
A ‘cash flow statement’, also known as ‘statement of cash flow’, is a part of financial statements that shows how changes in Balance Sheet accounts and Income statement (P&L a/c) affect cash and cash equivalents. 267 more words
- Income & Expenditure Account (I&E a/c) is prepared for nonprofit (or non trading) organizations e.g. Trusts, NGO’s whereas Profit & Loss Account (P&L a/c) is prepared in profit oriented organizations, e.g. 173 more words