If I purchase and sale of goods at same price then effect in
trading, P & L A/c
- 2 Answers
- 5318 Views
- ABC, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / manoj s
In trading and profit and loss a/c you'll ve a loss...
| Is This Answer Correct ? | 3 Yes | 6 No |
What are direct and indirect taxes?
What is the difference between perpetual & periodic inventory system?
we purchase one material from one party & sale it to other party but the product got problem so 1 st party give us a credit note now the question is how i pass jv in my co. account
What is mean by working capital?
WHAT IS A CREDIT NOTE AND DEBIT NOTE IN RESPECT TO A TRADING COMPANY?
why bank accounts are not coming in profit and loss account ?
what is the difference between contra entry and double entry?
how to pass this entry from tally advance cheque payment for rent advance in 4 installments cheque paid in same days
My company has just bought a car. The breakdown is as below: cost of the car = 50000 Interest = 15000 Registration fee = 500 Road tax (first year) = 1800 Please show me the correct entries in the books Thank you
what do you mean by tds
WHAT IS MEANING OF PROVISION
what is Bank Reconciliation Statement (BRS) give detailed explanation with causes?
Audit 
