Any two difference of Trading and Profit and loss A/c
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Answer / saikiran( kevin)
Trading A/c consits of all Factory expenses and Revenues
and the profit derieved is called Gross profit or loss.
P&l A/c consits of all operating expenses and Revenues and
the profit or loss derieved is called Net profit or net
loss.......................hav fun.
| Is This Answer Correct ? | 30 Yes | 8 No |
Answer / vpnarasimhan@gmail.com
All Direct Expenses + Purchases are Trading a/c whereas the
rest of the a/cs viz., Indirect ^ Administrative Expenses
are P & L a/c
| Is This Answer Correct ? | 13 Yes | 3 No |
Answer / ravinder.sunkara
trading account consist of purchases ,direct expenses,sales, and gross profit or gross loss
but profit and loss account consist of indirect expenses and incomes
| Is This Answer Correct ? | 10 Yes | 3 No |
Answer / ahsan
trading account consists of all direct incomes and direet expenses
and in profit and loss account all indirect incomes and indirect expenses are recorded
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / asmar
In trading we Calculate Gross Profit nd Deal with All
direct Expences that rae directly related with our factory
and ptoduction department>>
In P & L account, we Calculate Net Profit nd Deal with All
Indirect Expences that are related with our Admin & Selling
Departments...
| Is This Answer Correct ? | 4 Yes | 3 No |
Answer / roopa
trading account consists only the direct expenses. and P &
L account consists only the indirect expenes.
| Is This Answer Correct ? | 3 Yes | 4 No |
When we are using the DEPB licence for duty adjustment 100 %, there is no cash payment to customs. If i am a trader and registered with excise, Can we avail the modvat credit and pass on to customers?
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