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how to prepare Profit and los accounts ? |
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Question Asked At :: Study-Overseas, MLA, None, I Dnt Knw Company, In My First Class In EMBA |
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Question Submitted By :: darshna |
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I also faced this Question!! |
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Answer Posted By |
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Answer
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Follow the procedure as I Say
First of all we have to Post journal entries,
then from journal we have to post these entries in there
respective ledgers.
then from ledgers make Trial Balance
Feom trail Balance we will be able to make Trading Account
and P&L Account. Other than factory income & factory
expenses all entries should be posted in the P & L account.
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Rushikesh
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