how to prepare Profit and los accounts ?
- 8 Answers
- 31909 Views
- College School Exams Tests, MLA, Study Overseas, I also Faced
- E-Mail Answers
Answer Posted / viswajanani
debit side (all office expenses like salaries, rent electicity etc ) and credit side (the gross profit , commision recived and discount recived)
in p/l ac we will enter all the indirect expenses on the debit side and all indirect incomes on the credit side from this we will come know about the profit or loss of the company or firm
| Is This Answer Correct ? | 6 Yes | 2 No |
Post New Answer View All Answers
EXPAND______________ICT
How to answer for the question, tell me about ur project? I mean in which format can i say?
How can i get GR form (GR No.) for Exports ? please give me a link of website with steps ?
closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?
What is meant by advance ruling? What is the scheme of advance rulings?
Dear All, Could any body send me the format of Delivery Challan? What is Even Transfer and Branch Transfer?Please let me know if any body knows? ekathirvel@gmail.com
what is the meaning of input vat & out put vat?
explain about mergers & aquisitions? asked on 30/7/09
what about case study
Purchase book is a ----------journal
what is difference between venture capital financing and equity financing?
after payment of interest of a loan account by using credit note voucher in tally 9........don't anyone thinks that we have to adjust the cash account by passing cr entry on journal for interest payment...
How can we display last five years sales in tally
A company acquires new taxi fleets on 1April 2006 with intention to provide services during the World Cup period and thereafter dispose the taxis .The World Cup runs for three months to 30 June 2006.The company's year end is 30 June 2006.how do you account for taxis at initial recognition .
In case of cement plant we have to capitalizee locomotive engine my question is about the rate of depreciation on SM basis and category in which it should be capitalize?
