Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


DIFFERNCE BETWEEN TRADING ACCOUNT AND PandL ACCOUNT

Answers were Sorted based on User's Feedback



DIFFERNCE BETWEEN TRADING ACCOUNT AND PandL ACCOUNT..

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

DIFFERNCE BETWEEN TRADING ACCOUNT AND PandL ACCOUNT..

Answer / satyanarayana raju

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

Post New Answer

More Accounting AllOther Interview Questions

How to Calculate PF with interest or without interest.

0 Answers  


how do you charge Depreciation in p&l,(what basis and value?)

2 Answers  


What does IMAP stand for

1 Answers   HP, Wipro,


What is back value adjustment/correction in Nostro Reconciliations?

0 Answers   CitiGroup,


ER-1, ER-2,ER-3,ER-4,ER-5,ER-6,ER-7 plz tell me use of these excise form

0 Answers   Delight Auto Industries,


what are the types of leasing and their accounting entries?

2 Answers  


Explain the setup steps for Autoinvoice?

1 Answers   Airtel, Morepen,


what do you mean by debt equity ratio?

17 Answers   Arvind, Capital IQ, Raymond, Su Kam,


What Will Be The Journal Entry In Case Of Credit Note In The Books Of The Sender?

1 Answers  


what is the deffered expenditure

4 Answers  


My Question regarding owners drawings. case1; If owner paid some expenses from his own pocket and later that amount added to his salary then what adjustment entries will needed.

5 Answers  


what do you mean by Line item display?

1 Answers   Keane India Ltd,


Categories