Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / janardhan
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. trading account profit add
in p & L a/c, trading account loss less from P&L a/c
| Is This Answer Correct ? | 17 Yes | 7 No |
Post New Answer View All Answers
List out some of the accrued expenses and the accounts in which you would record them?
what is contribution? how does it help in taking managerial decisions?
Fundamental accounting assumptions are (a) Materiality. (b) Business entity. (c) Going concern. (d) Dual aspect
HOW TO FILL PURCHASE RETURNS IN VAT 200,IF NOT PURCHASES THE PERIOD?
What is the distinction between cost accounting and management accounting?
What is an interlocking accounting system?
Where the financial accounting fails the cost accounting for is rescue but still there are some limitations deficiencies in the system?
What does it mean to do accounting training outside of public practice?
what is the format of salary slip when basic , D.A.H.R.A. ,conveyance allowence , concluded and in deduction part P.F. E.S.I. & P.Tax.
sale cycle
What action could be taken by you and your manager to improve your performance in your current position?
What is vat adjustment?
What is the networth percentage observe by banks
Dear sir, In tally what is list of cost centres? and what is the list of cost categories?
What are the different fields of accounting?
