1. WHAT DOES SALES ON THE DEBIT SIDE OF A TRAIL BALANCE MEAN AND WHAT
IS THE TREATMENT IN PREPARING TRADING PROFIT AND LOSS ACCOUNT.
2. IS IT POSSIBLE TO HAVE SALES ON THE DEBIT SIDE OF A TRIAL BALANCE.
Answer Posted / karanam
Answer 2 ur 2nd question
there is no possibility to have sales in debit
side of trail balance.
answer 2 ur 1st question
sales in debit side of trail balance can be
treated as sales returns.
treatment:
those sales can be excluded from gross sales
made.otherwise it can be written as sales returns in the
debit side of p&l account
| Is This Answer Correct ? | 8 Yes | 1 No |
Post New Answer View All Answers
why the RRB'S not lend loans directly to farmers?
how to do finalisation account ,pls tell me step by step ?
Can anyone mail journal entries for me? my Mail id rukmini@live.in
are there any sub-types of the 4 main types of bank accounts ?.........if yes what are they?
while i creating a main asset master there is a error called process being terminated? pls send the solution
what is the good prasentation on interview
Mostly what type of manufactures are coming under TDS and basic rate for each category
Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance
honararium for the month of march 2013 can be paid on 31 mar 2013
if jj form not cancelled within 1hour,wat to do
Why we have to present first and second draft(Bill of Exchange) for bank negotiation.Why cant we present only One draft?
Expand-------SNAT
You have joined company yesterday then you are Appling B1 visa today. why so urgent.
You are working in a Company but due to certain reasons you were not able to complete the work given to you on time, so to write a Letter of Apology to your Senior regarding it.
What goals do you have in your career