P&L vs Income & Expenditure Account? 🤔 | Tally Prime Accounting

Confused between P&L and Income & Expenditure Accounts? 🤔 In this video, we explain the key difference between Trading Organizations (Business) and Non-Trading Organizations (NGOs/Schools). Learn why businesses calculate 'Net Profit' while NGOs calculate 'Surplus'. ✅ What you will learn: Difference between Profit & Loss A/c vs Income & Expenditure A/c. What is Surplus and Deficit? Tally Prime Trick: How to enable Income & Expenditure A/c using F11 features for NGO accounting. Don't forget to Like & Subscribe to Career Planet for more easy accounting tutorials in Hindi! 🚀 #TallyPrime #Accounting #Commerce #CareerPlanet 📚 Join this channel to get access to the perks: https://www.youtube.com/channel/UCSMsxXvvi-7XvygtsMWRBOg/join 👉Tally Prime Course- Step by-Step Video- https://www.youtube.com/playlist?list=PLlDtUyWdJwXUHiZwLyMKwiRwOI08LmT5y 👉 Full Tally GST Accounting Hindi Video Tutorial Course – https://goo.gl/CVNJtw 👉 Basic to Advanced Level Tally Accounting Course - https://goo.gl/bNz6DZ 👉Learn Basic Computers in Hindi- https://www.youtube.com/playlist?list=PLlDtUyWdJwXVy_syKNc-d23AuH1PpCNnB 🔔 Stay Connected: 💡 Download Tally GST Course App https://play.google.com/store/apps/details?id=com.careerplanet.tallygst 👨‍🏫 Visit Our Website: https://cpitudaipur.com/ 👉 Visit Our Blog: https://cpitudaipur.blogspot.com/ 📺 Like Our Facebook Page: https://facebook.com/cpitudr 🌐 Follow us on Instagram- https://www.instagram.com/career_planet/