Any two difference of Trading and Profit and loss A/c
Answer Posted / asmar
In trading we Calculate Gross Profit nd Deal with All
direct Expences that rae directly related with our factory
and ptoduction department>>
In P & L account, we Calculate Net Profit nd Deal with All
Indirect Expences that are related with our Admin & Selling
Departments...
Is This Answer Correct ? | 4 Yes | 3 No |
Post New Answer View All Answers
why should the company give first perference to the perference shareholders?
Example for extra ordinary expenditure?
Expand-------URM
what is internal audit
Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts
How can a company reduce profit
What are the steps involved in converting the trail balance of a foreign branch? Explain the steps involved in incorporating the foreign branch trail balance in HO books
What is the difference between Balance Sheet , Chart Of Accounts and trial Balance?
What is Inventory Control?
when calculating for np% do i include interest or do i take it off
How goodwill is accounted for the first time in a company .
Which Invoice issued on Central Sale Commercial or Retail?
what are the seven accounting rules
if a person join company on 01-04-04. after 5 year he is resigned on 31-03-09 and date of leaving is 14-04-09. Is he is on under gratuity payable or not? he is completed 5 years on 31-03-09. what is basis on calcultion on final settlement is date of resignation or date of leaving whcih is on 14-04-09.
Expand-------NSAC