Where do you post Credit Sales in Trading or P& L Account,
or should we deduct from the actual sales and put the net
figures in the column. Clarify
Answer Posted / hrishikesh
All the sales should be shown in Trading account only but
need to classify into cash sales and credit sales.we can
not deduct the actul sals from credit sales.
| Is This Answer Correct ? | 38 Yes | 1 No |
Post New Answer View All Answers
IS METHODEX IS GOOD INSTITUTE FOR SAP FICO MODULE TRAINING. IS IT IN BANGALORE OY HYDERABAD.
What elements of your job do you find most difficult?
What software applications have your used for accounts receivable?
What is a trial balance in accounting?
iv, A non -performing asset is A, Money at call and short notices b, An asset that ceases to generate income c, cash balance in till d, none of the above
how to assign the cost center to GL Account in SAP (FICO)
What and How to compute an unsecured balances?
WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?
What steps would you take before approving an invoice for payment?
get fixed assets items
what is payment written
in terms of accounting the trial balance when is it taken?
How to make deductions of the employees from salary against the loan in AP module oracle R12
calculations of pf
Ours is a technology firm. We got a contract of 1 lac. It is payable at the end of the contract. How you will recognize revenue?