difference b/w trading a/c & manufaturing a/c.
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Answer / ravi.harjai2009@gmail.com
somehow there is no difference between the trading and
manufaturing account but the main purpose regarding
manufaturing account is calculating the cost per unit....
but in trading account there is no any purpose like cost per
unit of product .The purpose of preparing trading account is
calculating the profit before oprating expense....
| Is This Answer Correct ? | 23 Yes | 6 No |
Answer / ysk
Trading account deals only with trading transactions
Op.Stock, Purchases, Production from Transfer of
Manufacturing division, Sales, Closing Stocks.
In Manufacturing Account it deals with processing also. But
not sales. It contains, Op.Stock of Raw materials, work in
process, finished goods(not yet transferred to trading
account), production transferred to Trading Account,
closing stocks of Raw Materials, WIP, FG.
-- Karunakar(YSK)
| Is This Answer Correct ? | 13 Yes | 0 No |
Answer / h.r. sreepada bhagi
Trading Account can be prepared by a manufacturing company
or a trading company to calculate the Gross Profit.
Manufacturing Account can be prepared by a manufacturing
company only to calculate the Cost of Goods Produced.
| Is This Answer Correct ? | 9 Yes | 2 No |
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