What is Trading Account? What is the significance of this
account?
Answer Posted / lxmi1972
Trading Account means where a company has Sales,
purchase,Sales Return,Purchase Return along with the
Closing stock .
Trading Account plays a vital role as this will determine
the Gross Profit of the Company.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
how to pass entry in tally for Interest received on sweep credited to saving a/c? In what group it should be come
As you know account executives need to be talented salespeople. Do you have experience making sales?
HI FRNDS THIS IS NARESH I DONE MBA (FINANCE)IN 2011. AND I DID COMPLETE SAP FICO.I WANT TO DO START CAREER WITH SAP FICO PLZ TELL ME PLZ HAVE ANY INTERVIEW AS FRESHER IN HYD OR PLZ SEND THIS MAIL...NAINALA.NARESH@GMAIL.COM
credit card expenses entry kisme pass karenge
What is fair value accounting definition?
Explain what is gaap?
What are mis reports and how do you prepare it?
What is tally and its features?
What are accounting rules called?
What is book profit? How it was calculated
what do you mean byrecoupment of shortworkings in royalty accounts
What is invoice processing can u explain it?
How the Entry passed for Loss of Payment
RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above
What is meant by daily accrual and booking?