What are the Trading A/c Components and let explain about
Trading account and Profit & Loss Account

Answer Posted / nitesh

trading means sales and purchase to find out gross
profir/loss.

P/L a/c means income and expenses through find out Net
profit/loss.

Is This Answer Correct ?    11 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Zee Ltd. uses material—A for the production of Product M. The safety stock of material A is 300 units; the supplier quotes a delivery delay of two or three weeks. If the company uses 500 to 800 units a week according to the activity levels, the re–order level of material–A will be A. 2300 units; B. 2400 units; C. 2700 units; D. 28 units.

2560


What is wealth maximisation

1624


I am going to attend an interview for the post of jr. Accounts Officer in airport authority of india,pls help me to prepare for the interview??

1486


Why do you want to work for us?

1461


In Oracle Applications will Translation will create any journal entry then what is the journal entry what are the accounts affected

1669






What are the rates of Depreciation? Like machinery items, wooden items?

1539


Nike,Inc. has developed a variable-overhead rate of $10 per machine hour,and estimates fixed overhead $250,000 for production up to 100,000 units per year. If the production manager estimates 9,000 machine hours for the production of 90,000 units next year, what are estimated variable-overhead costs?

1810


What was use of tally erp 9? Types of vat?

1179


while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??

1550


what is automatic payment in sap fico

1618


In SAP FICO How many ways we are Procuring the assets in the Company?

2161


What is Mean By FRS for HQ reporting, How To Prepare?

1618


WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?

2037


Expand------------STRA

1628


what do Loan Loss Coverage Ratio mens describe it with examples?

1749