Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / suraj
TRADING ACCOUNT IS PREPARED BY TRADER AND TRADING ACCOUNT
IS PREPARED TO ASCERTAIN THE GROSS PROFIT OR GROSS LOSS
G.P.=SALES -COST OF GOODS SOLD
THE NEXT IN THE PREPARATION OF FINAL ACCOUNTS IS THE
PREPARATION OF P&L A/C . IT IS OBSERVED THAT SOME ITEMS OF
REVENUE NATURE WILL BE TAKEN IN TRADING A/C AND REMAINING
ITEMS TAKEN IN P&L A/C THERE FORE TO ASCERTAIN NET PROFIT
OR NET LOSS
| Is This Answer Correct ? | 6 Yes | 3 No |
Post New Answer View All Answers
What is an accounting loss?
Explain which account is responsible for interest payable?
Company ABC split 1:3 on March 31, 2009 and split 3:1 on March 31, 2008. Date Close Price # of Shares Revised Closed Price Revised # of Shares June 15, 2009 $75.00 3000 $75.00 April 23, 2009 $72.00 2300 $72.00 March 31, 2009 $67.00 999 $ March 31, 2008 $275.00 300 $91.66 November 30, 2007 $233.00 6800 $77.66 October 6, 2006 $1,333.00 13000 $444.33
What is tally accounting?
What is the use of form D in sale tax
what is consignment entry?
Can it be possible to transfer FCRA funds to an ngo who don't have FCRA registration no.
if any otion in tallyerp9 version about doing Luxury tax work
Define dual aspect term in accounting?
bank jobs
What are the columns of a journal?
what are the charecteristics of cost accounting financial accounting managment accounting payroll accounting environmental accounting h r accounting forensic accounting inflation accounting?
whether allowances will be included in calculating esi from gross salary
Horizontal balance sheet versus Vertical balance sheet
in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.
