what are all the items comes under balancesheet(liability
side & asset side) step by step.& also trading and p&l
account. somany companies asking this type of question .
please tell me...
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Answer Posted / megharaaj
UNDER LIABILITY
CAPITAL / SHARE CAPITAL
LOANS LIABILITY (Secured loan & Un Secured Loan)
CURRENT LIABILITIES (S.Creditors, Duties taxes,Out standing
liability, Provisions & Payables)
RESERVES AND SURPLUS / PROFIT
UNDER ASSETS
FIXED ASSETS
CURRENT ASSETS (Closing Stock, loans & Advances,
S.Debtors,Cash and Bank Investments etc)
INTANGIBLE ASSETS
NET LOSS
TRADING ACCOUNT
Debit Side (Left Side)
Opening Stock
Purchase
Direct Expenses
Gross Profit
Credit Side (Right Side)
Sales
Closing Stock
Net Loss (if it is under loss)
PROFIT & LOSS A/c
Debit Side
Expenses
Net Profit
Credit Side
Gross Profit
Indirect Income
Megharaaj, Mysore
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