1. WHAT DOES SALES ON THE DEBIT SIDE OF A TRAIL BALANCE MEAN AND WHAT
IS THE TREATMENT IN PREPARING TRADING PROFIT AND LOSS ACCOUNT.
2. IS IT POSSIBLE TO HAVE SALES ON THE DEBIT SIDE OF A TRIAL BALANCE.
- 1 Answers
- 4221 Views
- I also Faced
- E-Mail Answers
Answer / karanam
Answer 2 ur 2nd question
there is no possibility to have sales in debit
side of trail balance.
answer 2 ur 1st question
sales in debit side of trail balance can be
treated as sales returns.
treatment:
those sales can be excluded from gross sales
made.otherwise it can be written as sales returns in the
debit side of p&l account
| Is This Answer Correct ? | 8 Yes | 1 No |
what is bank rate?
9 Answers State Bank Of India SBI, Syndicate Bank,
Hi, Please post in here the Aptitude Test Questions given in companies like Thomson, Reuters, GMS, JP Morgan, Northern Trust Bank etc.
what do you mean by jounal voucher? Jounal entry for dishonored cheque can be possible thruogh jv?
Short Answer on ___________Fixed capital
What is provision and reserve and how u treat in account
13 Answers Accenture, ASD Lab, Capital IQ, Ramky,
EPS
expand P S U
what is treasury stock
what is reconciliation ?
Suppose the production is more and sales less then what will happen
ACCOUNTING CONCEPTS AND CONVENTIONS
4 Answers Bajaj, Bajaj Capital,
what do you mean by contra entry? and where it is used?
34 Answers Accenture, AXA, L&T,
Audit 
