Departmental a/c

in departmental a/c p&l a\c means a\c for single department but general p&l a/c means it is for the whole company or organization same for general expenses is a common expense for all the departments i.e whole company

Sowmiya A

CA Inter

★ 19K+

03-Jan-23 20:29

ð???

SNEHAL KHANDELWAL

CA Final

★ 8K+

04-Jan-23 18:14

General P&L and General expenses are for the whole entity and not for a separate department. That is why they are posted in the general p&l account.

Varshaa M

CA Final

★ 35K+

20-Jan-23 23:20