DIFFERNCE BETWEEN TRADING ACCOUNT AND PandL ACCOUNT
Answers were Sorted based on User's Feedback
Answer / alka jharbade
Trading account is also known as manufacturing account. All
direct expenses (like wages,opening stock, sales etc) comes
under the trading account.
Profit and Loss account is also known as Income and
Expenditure account. All indirect expenses are come under
p/l account.
| Is This Answer Correct ? | 12 Yes | 0 No |
To say simple. Trading Account is prepared to know the
strength of the Venture, the trader started and P& L is
prepared to know the net result of the business at a given
period
| Is This Answer Correct ? | 3 Yes | 1 No |
what are the steps used in UAT in Oracle Apps?
expand V D A
EXPAND______________IDBI?
Short Answer on _________Gross profit
How to calculate turnover of a company?
Expand---------MTRS
types of derivatives
10 Answers ICICI, RRDonnelley,
I am going to attend an interview for the post of jr. Accounts Officer in airport authority of india,pls help me to prepare for the interview??
What is the base for issuing of C-form date of sale or date of purchase since goods sent by one quarter ended may reach in next quarter.
Choose the right answer When diesel supplied to the hired vehicle we have to credit 1.Diesel 2.Hire 3.Owner of the vehicle
Expand---------CAIR
Expand I B R D