Where do you post Credit Sales in Trading or P& L Account,
or should we deduct from the actual sales and put the net
figures in the column. Clarify
Answer Posted / hrishikesh
All the sales should be shown in Trading account only but
need to classify into cash sales and credit sales.we can
not deduct the actul sals from credit sales.
| Is This Answer Correct ? | 38 Yes | 1 No |
Post New Answer View All Answers
As you know account executives need to be talented salespeople. Do you have experience making sales?
What is the difference between costing and cost accounting?
my interview is on tuesday so i just want to know everything about the interview like which type of question they will ask me as i completed m.com . please helm me plz plz
what is the enty for contract bill raised?
Regarding vat return,I have 3 units can i return at a time for 3 units vat return only one vat form. Kindly suggetion the same how to do.
Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?
what is opening stock formula?
What is cost accountancy? What are the objects of cost accountancy?
Can you please explain the difference between differentiate between consignor and consignee?
Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?
what is the basic difference between pooling of interest method and purchase method in amalgamation
what do you mean byrecoupment of shortworkings in royalty accounts
purchase return liability or asset?should it be included in the balanced sheet?
what is the difference between cash book(cash coloumn) and cash book(bank coloumn)?
I post Optional Voucher in Tally.ERP in which there is deduction of TDS is applied. But when I convert this voucher as regular voucher the TDS entry have to make again why so