Answer Posted / ayyalusamy
Trading account is prepared to arrive gross profit by (sales
+closing stock ) minus all direct / manufacturing / Trading
expenses.
where as P&L account gives net profit of the company, it
shows gross profit and other income in credit side and all
indirect expenses, loses and provisions in debit side.
In total Trading account shows cost of the product at which
goods lying at factory, where as P& L account shows cost of
the product on sales point.
| Is This Answer Correct ? | 7 Yes | 1 No |
Post New Answer View All Answers
What do you mean by custodian/Depository, & what are the different types of Depository? (NSDL/CDSL)
outstanding expenses, prepaid or unexpired expenses
are there any sub-types of the 4 main types of bank accounts ?.........if yes what are they?
What is Direct Debit
What is the Accounts Payable & Accounts Receivable ?
I AM APPLY FOR CLERICAL CADRE IN SBI. SO ANYONE SEND ME QUESTION WITH ANSWERS, WHICH ARE RELATED TO THAT JOB. MY EMAIL ID IS shawetasingh24@gmail.com
What is back value adjustment/correction in Nostro Reconciliations?
i want report country wise with invoice number for gl account
Can v transfer trail balance to journal entry how and with example?
what is the document spliting?
What is the complete role of a Process executive in Accounts Payable Process ? Please anyone who is an expert in the process answer my question. A reply would help me a lot.
Give some questiong with anser with are usally ask to the interviewer in interview. Please give answer with detail.
How do you handle lack of direction or working in chaos
i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............
2Create a program that accepts a number and output its equivalent in words (maximum input number is 3000). for example Enter a number: 1380 one thousand three hundred eighty
