Answer Posted / shanmuga priya
The difference between p/l a/c and Trading a/c is that in
Trading a/c direct income and expenses are entered such as
opening stock, purchases, freight charges , sales, closing
stock.
in Profit and loss a/c. indirect expenses and income are
recorded such as depreciation, salary, rent, commission
received,
| Is This Answer Correct ? | 42 Yes | 7 No |
Post New Answer View All Answers
What is the disadvantage of double entry system?
correction of sundry creotors
What accounts are to be debited and credited in this case o
what is the difference between cash book(cash coloumn) and cash book(bank coloumn)?
What are the 4 phases accounting?
Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.
What do you mean by balancing of ledger account?
What is the difference between costing and cost accounting?
What is account receivable?
using examples, examine the relevance of the following as final accouting adjustments; 1.reserves 2.provisions 3.disposal of assets 4.control accounts
Journalize the Following: 1. The following were purchased on account: a. Materials $ 10,000 b. Office supplies $ 2,000 c. Small tools $ 1,000
hi...this is chaitanya fresh bcom computer graduate i need job in finance feild will i get in genpact, deloitte, bank of america, or any other mnc...?
'Talk me through an example of how you have used data to improve your teams productivity.'
How will service tax & excise be charged?
Under the accrual basis of accounting, when revenues are reported in the accounting period?
