Any two difference of Trading and Profit and loss A/c

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Any two difference of Trading and Profit and loss A/c..

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

Any two difference of Trading and Profit and loss A/c..

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

Any two difference of Trading and Profit and loss A/c..

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

Any two difference of Trading and Profit and loss A/c..

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

Any two difference of Trading and Profit and loss A/c..

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

Any two difference of Trading and Profit and loss A/c..

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

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