Interested to Buy Any Domain ? << Click Here >> for more details...
Any two difference of Trading and Profit and loss A/c
- 6 Answers
- 14314 Views
- IBM, Syntel, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
What is the diff. between gross profit and net profit?
Expand---------MRTD
what r financial derivatives
what is the diffrence between gross profit& net proffit?
I NEED RS.100 CHANGE BUT I DON,T WANT RS.10 AND I WANT ONLY 6 NOTES.
Hi all i did my M.B.A financ enw iam doing a job as a finance executive but i feel it is not good 4 me can any 1 plz guide me 4 the better career my job profile is (INVOICING)hw it is help me out 4 the better career shell i continu ein the same 1 by learning sap or oracle or shall i shift to any other if any other which job is suites to me plz suggest me
sale tax which place effected
Hi guys, Could anybod tell the what is journal entry when the internal order(rea) is settled?
Short Answer on _________Industry
Data flow of Accounts payable to General ledger?
Expand---------PRTS
when the creditors shows debit balance
Audit 
