Answer Posted / pradeep
difference between trading & P&l a/c is trading account is
show all trade related expenses & Incomes & gross profit
but P&L a/c show Net profit of a co. or firms it show all
typs of income & Expenses .
Is This Answer Correct ? | 15 Yes | 3 No |
Post New Answer View All Answers
Which kind of transactions are not recorded in the books of account?
SIR HOW MANY FORM USE FOR COMMERCIAL TAX & WHAT IS THEIR USES. PLEASE GIVE YOUR SUGGEST
what is the Differed Tax Liability & How it is calculate ?
What are the steps to take before you approve an invoice for payment?
What are the columns of a journal?
What is the basic accounting equation?
In tally when accounts with inventory ,when working in units of measurement under this after creating unit ,if we want to change the unit due to some mistake why does the cursor does not stop in the decimal field? And why the used units do not get deleted in the alter section?
What are the advantages of double entry system?
Who is the sundry creditors
What is account payee cheque? Expand ctc cheque?
How do you maintain accounting accuracy?
how to calculate forefeiture of share when over subcription
Do you know any other accounting application?
1. The following data is available. Determine the Break Even point in Sales: Sales : $1,800,000/- Fixed Expenses : $ 375,000/- Variable Expenses : $ 1,200,000/-
journal entry for goodwill and capital bought by a new partner?