Answer / nitin

The gross profit wich we get from the trading account is can be the opening balance for P&L a/c. the opening balance for trading account can calculated by adding all trad expenses and gross profit minus closing stock.

Answer / meenakshi

gross profit or gross loss of the trading account is known
as opening balance of profit and loss account

Answer / shanakr

we can find the Opening Balance of Profit & Loss Account in Balance Sheet as Reserves & Surplus.

How to make calculation of salary for an employee of an Indian company? Please give me an example to understand, also consider all the aspect of salary?

2 Answers   Tally Solutions,

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companys act

2 Answers  

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what is the difference between cash book(cash coloumn) and cash book(bank coloumn)?

0 Answers  

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My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance

0 Answers  

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how to record the full and final settlement of employee (salary payable,other payable,,....) when he leaves the company ? or how to pass the entry for that ?

0 Answers  

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what is the reason for finding break even point

2 Answers   ACS,

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What is GL Master Maintanance

0 Answers  

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What is the objective of the balance sheet?

0 Answers  

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What is a cpa?

0 Answers  

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what is Penal account

6 Answers  

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If salary paid per month Rs 40000/ I will deduct TDS from his salary, please what I do explain.(send Urgently)

7 Answers   Aegis,

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Tell me about a situation where you showed determination?

0 Answers  

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