Answer Posted / jyoti chaudhary
P&L account is prepared to know the exact profit and loss
of the company by taking into consideration the Gross
profit and finding out the Net profit of the company which
is further taken into consideration to prepare the Balance
Sheet which shows the position of the company in front of
its creditors, debtors and investors.
Trading Account is prepared to know the Gross
Profit.Trading Account is prepared by taking all the
factory or production related expenses.
| Is This Answer Correct ? | 12 Yes | 1 No |
Post New Answer View All Answers
What is Home Loan Modification?
what are the content of purchase order?
Transfer nett profit of Rs 325000/- to Reserves and Surplus
i have working in contruction company i want billing outside delhi pls. tell me can i bill with tax invoice party provide tin no.
Mr. X buys an asset of Rs. 1000/- in cash and with it get an free gold coin what is the general entry for this?
tell me about roll model as father
How are fund-raising and publicity and management and administration costs apportioned over funds?
Hi any one send me the configuration steps for make to order and make to stock in sap .send to my mail id c.sujatha2008@gmail.com
What is Accounting on Computers
what is sevice tax? on what service tax is applicable. explain with examples?
WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?
What is intangiable asset?Which contents are to be verified during cheking the Transporters' bills?
What is Compliance?
Expand------------STRA
if you fix salary to some body for Rs.10000/- what are the segregations to be done and what are the deductions to be done (segregations like basic, da,ta,conveyance etc., how ? what percentage what speaks law) and deductions what are those like, pf,esi,pt, etc., what ever
