Answer Posted / shanmuga priya
The difference between p/l a/c and Trading a/c is that in
Trading a/c direct income and expenses are entered such as
opening stock, purchases, freight charges , sales, closing
stock.
in Profit and loss a/c. indirect expenses and income are
recorded such as depreciation, salary, rent, commission
received,
| Is This Answer Correct ? | 42 Yes | 7 No |
Post New Answer View All Answers
List the type of transactions entered in journal proper.
what is the limit of cash payment in a manufacturing firm and job work related work and how much we paid to the job worker cash payment in financial year Aslam
IS METHODEX IS GOOD INSTITUTE FOR SAP FICO MODULE TRAINING. IS IT IN BANGALORE OY HYDERABAD.
Explain an example of a tough decision you had to make quickly?
Under Accrual Accounting, How Are Worker Comp Premiums Handled?
Explain me have you ever heard about tds, what it is?
WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?
ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10
Explain me bills receivable?
what is the relationship between bookkeeping and accounting?
What is Provision Entry
How to pass VAT retention entry on computer and Furniture
what is casual receipt? is it exmpted in income tax?
Expand ctc cheque?
One car company raised an invoice of 30k to its customer, which includes car's price and one year service price of 1600 (cost). They work on 25% margin. How much amount will go to Income statement and B/S?
