Answer / birendra singh

The trading account show in gross profit not show in actual
profit, but the profit and loss account show in actual
profit before pbt

Answer / ajaz ahmad bhat

Trading a/c is the a/c which only relates trade items purchases, sales, and expenses during the trading period but profit and loss a/c shown the all expenses whether direct or indirect and after we will give the output of result of net profit or net loss and transferred the balance sheet.

Answer / sandeep

Trading account means business account in which all
business related account includes.
Profit & Loss account in which only income and expense are
include.

pls tell me tds new rate 1/10/09

1 Answers   ICA,

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work in progress for a construction company this year is Rs.5,00,000/-.In balance sheet Rs.5,00,000/- will be debited under current asset a/c but the credit would under which account.and next year what will be the entry.please answer me in detail.

6 Answers  

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what is Finalization of Accounts?

1 Answers   EDS,

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what is the difference between expenses(indirect) and indirect expenses?

4 Answers  

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What is the difference between accumulated depreciation and depreciation expense?

0 Answers  

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if we have charged vat @ 5% instead of 4% ,how can we rectify that invoice ?we have already send that invoice to our client and we have received that payment also .Invoice Dated 25/01/2010 Kindly advice on that .........

1 Answers  

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excess cash withdraw from bank for staff salary than remain amount deposited into bank., what will be journal entries for above transactions

2 Answers   Saadi Group, Wabco,

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what is trial balance.?

4 Answers  

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What did you meant by Debit and Credit?

4 Answers   Genpact,

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Tell us do you have any idea about service tax or excise?

0 Answers  

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Definition of accounts payable

3 Answers   Genpact, Infosys, MNC, TATA,

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what is the difference between "reserve" and "fund"

1 Answers  

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