If I purchase and sale of goods at same price then effect in
trading, P & L A/c
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Trading and profit loss Account depend on your Opening
Balance+ Purchase + Wages and Less Sale +Closing stock
But if other figure is 0.00 then there is no profit and no
loss position but the other figure is Available then the
situation will Different it’s not a complete Question or
complete position
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Answer / manoj s
In trading and profit and loss a/c you'll ve a loss...
| Is This Answer Correct ? | 3 Yes | 6 No |
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WHAT ENTRY PASSED IN BOOOKS OF ACCOUNT IF INVOICE BILING AS UNDER :. SUB TOTAL = 428325.45 VAT @12.5%= 53540.68 Additional vat 1%= 4283.25 ORDER DISCOUNT = (9722.99) ROUNDED OFF = 0.39 -------------------------- NET AMOUNT = 476426.00
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