Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Difference between P/L a/c and Trading a/c

Answer Posted / pranjal

differance between p/l a/c and trading a/c means

Trading a/c is that a/c which includes only trade related
a/cs like purchase,sales and all those epenses which
incurred only from trade.

But in Profit and Loss a/cs there is the all
direct/indirect income/expenses are to be recorded which
not related to the pure trade.

Is This Answer Correct ?    90 Yes 19 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

i had taken one year gap in completing my graduation bcom should it be considered as backlogs i dont have any kt or anything else i have passed all exam in one trial

2036


What is the double entry system explain its rules with examples?

1084


What is fractional code and how can i get a fractional code for a particular account?

2024


Please give me a suggession to calculate the T.D.S,E.S.I,P.F, From salary which is in gross Rs. 15000/.

2101


Explain me the difference between public and private accounting?

1088


how pass journal entry in the month ending for input vat and out put vat

2230


what are the limitations of accounting conventions

2544


Accounting for vc money in financials

1129


What are the three factors that can affect your cash flow and business profitability?

1018


what is windows dressing final accounts?,sales a/c belongs to which a/c type?

2073


saji become insolvant -what is journal entry

1752


WHAT IS THE LAST DATE OF HOUSE TAX SUBMITED , AND WHAT IS THE RATE OF HOUSE TAX ?WE PAID HOUSE TAX MCD OR ANY OTHER. PLEASE TELL ME.

2289


Anti Takeover policies

2056


how will rectify the error in trial balance.

1958


what is loan operations and what are the complete process form from making customer to closure of loan

2092