Interested to Buy Any Domain ? << Click Here >> for more details...
What does mean is Profit & Loss Account Shows Debit Balance in
Trail Balance ?
- 6 Answers
- 20832 Views
- I also Faced
- E-Mail Answers
Answer Posted / jack
Trial Balance is just a statement, and not an account.From
Trial blance debit balance is not showing to P&L A/C.
| Is This Answer Correct ? | 2 Yes | 6 No |
Post New Answer View All Answers
Pl's confirm me this entry how to pass in Tally 9.0 & Tally ERP.9 that if I purchase 20 mobile,30 phone,20 LCD,15 laptop from mangesh @ Rs.7000,Rs.200,Rs.17000 and Rs.14000 respectively on each. But I purchase by cash and 15 days later I sold half of the thing to priya margin of Rs.100 on each by cheque and rest i sold to minal on cash margin of Rs.200 on each. But I received cash 1 month later. so calculate how much profit I got by selling the products.
what is the deference between depreciation explanation
Explain compound journal entry.
what do you consider to be the biggest challenge facing the accounting profession today?
in what circumstances it is mandatory to calculate the goodwill.
1. Why do wish to study in canada in the program for which you have been accepted? 2. What is your overall education goal? 3. Why are you pursuing a similar program in your country of residence/citizenship? 4. What research have you done into studies in your country of residence/citizenship? 5. How will this program enchance your employment opportunities in your country of residence? please send me all possible answer i hope your answer will help me a lot...
What is the definition(meaning) for the Final accounts adjustment 'Uninsured goods lost fire'?
What is accounting
what is consumer product accoutning?
what are the basic elements to prepare a quarterly information system and how to calculate that items?
what is gl a/c? & why is it maintain
Tell us do you have any professional experience of this field?
whats difference between manufacturing account & cost account
What are the two most important Factor that should be kept in mind when there is a buy back of shares in companies as per indian companies act,1956
A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.
