Answer / deepak choudhary

p&l a/c ..Dr
To net profit a/c
(for recordind net profit )

net losses a/c ..Dr
To p&l a/c
(for recording net losses)
after these entries that profit or loss as the case may be will be tranferred to either capital account or to p&l appropriation accounts...

Company Providing Mobile handset to all employee on free of cost and returnable basis while leaving the job. My query is- how i account the above transaction - under fixed asset or mobile expenses- ( indirect exp) or staff welfare ( indirect exp ) Kindly suggest

2 Answers  

---

what is journal entry for the credit sales and purchases

5 Answers   Accenture,

---

if iam paid to insurence jan to jan but, financial year march to march

1 Answers  

---

what are the different methods of teaching share and debenture to pre degree students

0 Answers  

---

What is impairment of assets?

1 Answers   CA,

---

Kindly define necessary ledger is to maintain in excise. Kindly define how we maintain P.L.A

0 Answers  

---

does goodwill depreciates ?

4 Answers  

---

what is tax invoices

1 Answers  

---

Difference between Journal and Journal Proper???

1 Answers  

---

Hi Everybody, 1). Can anybody tell me the Journal entry for Bank charges Rs.100 and under which account it will come. 2). Received interest from Bank what is the journal entry, under which account it will come, Awaiting for soonest reply, Thanks, Khan

12 Answers  

---

what is the limit of cash payment in a manufacturing firm and job work related work and how much we paid to the job worker cash payment in financial year Aslam

0 Answers  

---

what is a gross profit ratio?

2 Answers  

---