If I purchase and sale of goods at same price then effect in trading, P &

If I purchase and sale of goods at same price then effect in
trading, P & L A/c

Question Posted / chaco_77

2 Answers
5123 Views
ABC, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

If I purchase and sale of goods at same price then effect in trading, P & L A/c..

Trading and profit loss Account depend on your Opening
Balance+ Purchase + Wages and Less Sale +Closing stock
But if other figure is 0.00 then there is no profit and no
loss position but the other figure is Available then the
situation will Different it’s not a complete Question or
complete position

Is This Answer Correct ?

7 Yes

0 No

If I purchase and sale of goods at same price then effect in trading, P & L A/c..

Answer / manoj s

In trading and profit and loss a/c you'll ve a loss...

Is This Answer Correct ?

3 Yes

6 No

Post New Answer

More Accounting General Interview Questions

difference between outstanding and accrued exp.?

2 Answers Genpect,

how to pass return cheque entry in tally erp 9

1 Answers College School Exams Tests,

what the three thing that can not make accounting statement balance?

1 Answers

Will TDS U/S 194C be deducted on total Bill Value or before service Tax of Bill Value?

3 Answers

We are operating a company which H.O. is Delhi and Branch offices at Kanpur and Hardwar. We need Income and expenses seprately in All branches. is it possible in tally.erp9. if yes please provide the procedure as early.

2 Answers

how to calculate professional tax, what is the percentage and also turn over tax.

1 Answers FactSet Systems,

what are the direct expense of loan department in banks.

0 Answers MagicBricks,

in which voucher we can enter the depreciation entry

2 Answers

how to show provident fun in balance sheet

4 Answers Genpact, WBCS West Bengal Civil Service,

What will be journal entry of provision for income tax in current year and Adjustment entry in next year

14 Answers

example wrongly financial statments showing vat refund (under Advances) for the finanical year 08-09 , but present assement year after assement by cto given vat refund more than ledger showing balance then decided to every month set off vat payable to vat refund(advance) but more than recoverd compare with company and cto then what is the entry to be take.

0 Answers

Company purchase software what is the journal entry or software a/c under which department in tally

1 Answers Godrej,

For more Accounting General Interview Questions Click Here