Why we are crediting Gross profit or debiting a Gross loss in the profit and loss account?
Answer / ajit sharma
to equal the dr and cr and also know the status our firm . cr in p&l a/c is profit and dr means exp more than income.
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I have received 75000/- as retainership fees from ABC company but they have deducted TDs 10% and send me 67500/- my question is that what entry i have to pass in my books please help me
difference between account payable and bills payable
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define contra entry?
WHAT IS THE DIFFERENCE BETWEEEN CASH FLOW STATEMENT AND FUNDS FLOW STATEMENT
please explain all accounting concepts n conventions in detail
difference between loans & advances
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Explain fictitious assets?
Is there any different between Modvat & Cenvat...?
Different types of Balance sheet
1 Answers Chartered Accountant,
What is accounting entity concept? why is it important in Accounting.