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Answer Posted / raja mohamed
tHE dIFFRENCE BETWEEN THE Profit Loss a/c is maintained the
indirect exenses and indirect incomes only . the gives the
net profit or net loss .
Trading A/c is Maintained the direct expenses and direct
incomes only. the gives the gross profit or gross loss.
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We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts ..............
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