how to create a profit and loss a/c

Answer Posted / guest

with gross profit on credit side and all incomes on credit
side,all the indirect expenses on debit side

Is This Answer Correct ?    44 Yes 11 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are write off entries to be passed say if im having payable of Rs. 400 standing in the balance sheet and I want to write it off...

3893


outstanding expenses, prepaid or unexpired expenses

3624


company accounts introduction?

2298


Short Answer on __________written Down value

1604


what is the difference between Assets Allocation & Security selection?

2424






what is absorbtion coasting?

1944


post pscwb question and answer for accounting paper I & II for govt.officers departmental examination.

2285


How do you avoid loss situation

1591


What is share,Bond, sharecapital, Budgeting, BRS, CA, CL, WC, WACC, Depreciation, types of Depreciation, B/S, CF items and some transactions and Preference Share capital, Equity Share Capital , Debenture and practicle Questions to solve and tell there itself whether the co's good for investing etc..like opinion for problems to find out how good one is with basics.

1834


Short Answer on _________Financial accounting

1515


HOW MUCH LATEST ACCOUNTING STANDARDS , TDS RATE , INCOME TAX RATE, EXCISE , VAT , SERVICE TAX & FBT RATES? (PLS. ARRANGE TO SEND THE RATES FOR ABOVE IN CATAGORY & LIMIT WISE)

3094


please give the sbi bank clerk exam paper model in last five years?

1856


what are the accounting ratios

2096


How to reconsile vendor accountswhat to add and subtract is there any standard form please get me answer

1336


Dear Sir, My qus is my co. purchase a laptop from Abc.co. for rs-37200 on credit Emi basis from hdfc bank. i paid every month 6200rs as a installment. so i want to know how i make a entry in tally 9. and also want to know i creat laptop ledger under fixed assets or office expenses. plz tel me soon.or mail me .

1742