Answer / shekhar

trading accounting is prepared at the end of the accounting
year.the main use of this accouning calculation of gross
profit pr gross loss.and in this all mfg expenses are
included.in this accounting debit is more than credit is
known as grossloss.debit is less than credit known as gross
profit.

Answer / animesh

Trading A/C is prepared at the end of every year.Transaction and Expenses related to the goods are recorded in it.For e.g, like Purchase-Sale of goods,Freight Carriage inward etc.It is useful to find out the GP(Gross Profit) OR GL(Gross Loss).

What is Suspense Account?

1 Answers   EDS,

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while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??

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differed tax liability

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FIND OUT wht is the price of 1kg rice , if total production of rice 15MT @35000/-(metric tunns)it includs vat 4%,excise tax 10%,fright 3000/-.

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where can i get the Balance sheet (graph) for Muthood Finance ltd. (profit and Loss sheet)

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What is most Expenses thing to Issue IPO ?

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We can add the no. of increase in shares due to exercise of the options.Why diluted eps is calculated separatey?

0 Answers   Capital IQ,

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explain about mergers & aquisitions? asked on 30/7/09

0 Answers   FactSet Systems,

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EXpand-------KGF

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1. A firm buys stock for $100 by cheque and intends to sell it for $200, so the double entry should be a) Debit bank $100 and credit stock $ 100 b) Credit bank $ 200 and debit stock $ 200 c) Debit purchases $100 and credit sales $ 200 d) Debit purchases $ 100 and credit bank $ 100

3 Answers   FactSet Systems,

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