Answer / aijaz

Loss will be displayed on liability side under Profit & Loss
A/c as Current Year Profit/Loss +/- Last Year Profit/Loss.
Calculate as per Profit/Loss.

What is the differance between Captial & revanue?

3 Answers  

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Explain have you ever heard about tds, what it is?

0 Answers  

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We had billed to a Customer Rs. 50000/- he paid 45000 to us n not paying balance 5000/- how and where to enter Rs. 5000/- Is it bad debt...

1 Answers  

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Credit purchase entry

10 Answers   Ernst Young, FIC,

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what is the difference between accounting and finance?

2 Answers  

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Explain me how much mathematics knowledge is necessary or required in accounting?

0 Answers  

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What is the difference for calculation Depreciation as pert Companies Act and Income Tax

1 Answers  

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what is the difference between cheque dishounerd and cheque bounced?

5 Answers   Idea,

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what is the priliminary expenses

2 Answers  

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Where will loss appear in Balance Sheet?

4 Answers   Chartered Accountant,

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what is a difference between public and private accounting?

0 Answers  

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Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.

0 Answers  

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