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DIFFERNCE BETWEEN TRADING ACCOUNT AND PandL ACCOUNT
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Answer / alka jharbade
Trading account is also known as manufacturing account. All
direct expenses (like wages,opening stock, sales etc) comes
under the trading account.
Profit and Loss account is also known as Income and
Expenditure account. All indirect expenses are come under
p/l account.
| Is This Answer Correct ? | 12 Yes | 0 No |
To say simple. Trading Account is prepared to know the
strength of the Venture, the trader started and P& L is
prepared to know the net result of the business at a given
period
| Is This Answer Correct ? | 3 Yes | 1 No |
whether cash book is a subsidiary book?
Weather Entry tax on consumable goods purchased against CST
Expand ---------MRD
Can you explain about the distinction of Book-Keeping and Accounting
outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
Mention the differencebetween consiner and consinee?
state the circumstance under which an agreement is viod abinitio.
2 Answers College School Exams Tests, Ignou, L&T, SRK,
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closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?
Dear Sir, i am working automobiles manufacturing company. pls tell me following under head in tally 9.00:- Type of A/c= ledger under creat Sales = Sales Account Purchases= Purchase Account Excise Duty on Sales=???? Education & she=??? Cenvat on Purchase=??? HVat=???? CST=??? Excise P.L.A.=????? TDS=????? WCT=???
Audit 
