Interested to Buy Any Domain ? << Click Here >> for more details...
What is Trading Account? What is the significance of this
account?
- 2 Answers
- 5298 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / lxmi1972
Trading Account means where a company has Sales,
purchase,Sales Return,Purchase Return along with the
Closing stock .
Trading Account plays a vital role as this will determine
the Gross Profit of the Company.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / h.r. sreepada bhagi
Trading A/c presents the Gross Profit for an accounting
period as the operating result of -
1.Opening Stock
2.Net Purchases
3.Direct Expenses
4.Net Sales, and
5.Closing Stock.
This is prepared to now the operating efficiency & operating
margin of a Trading Company.
| Is This Answer Correct ? | 5 Yes | 2 No |
What is the journal entry for good loss by fire? claim receive from insurance company? after claim received the loss occoured entry?
wat is mass allocation and when it is used
what is use of cost center category in tally ? why & when use this ? what is benfit ?
Tell me do you have any professional experience of this field?
At the time of advance tds deducted 2% contract which was wrong but when we adjusting the adavace tds deducting 10% rent how can we adjusting that amount
If a paid to b rs.1000 on behalf of c what is the entries in The books of a,b,c pls pass the entries
9 Answers ABC, Accenture, Genpact, Goldman Sachs, JPMorgan Chase, Okaya, Triburg,
Tell me deferred taxation is a part of which equity?
How is the accounting for lease transactions done?
Types of Invoice ?
we have paid diwali bonus by chq.. pls let me know how to enter the same in tally and in under which head..Explain pls
what is the difference in direct expenses and indirect expenses?
What is account in accounting?
Audit 
