Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 5 Answers
- 15518 Views
- I also Faced
- E-Mail Answers
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
What is an accounting loss?
What is the diffrent job&project accounting?
if at the end of the year cash book is showing debit balance whether it is meant that cash is not deposited after deducting expenses in bank and it is in hand and we should deposit in next year
6. What is the amount of Simple Interest on $ 1,500 for 90 days at 6% interest (year is 360 days)?
what is the diffrence between cash flow & cash fund?
Explain me the basic accounting equation?
What is the purpose of a balance sheet?
Explain financial accounting.
please advice example of any single journal entry which include all 3 accounts i.e personal, real & Nominal a/c.
April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800. April-26 Received a cheque from Mr. B in full settlement Rs. 4900.
Explain what is gaap?
As you know account executives need to be talented salespeople. Do you have experience making sales?
What are the difference between Debit Memorandum and Credit Memorandum?
What is the difference between lc and bg(letter of credit
How does Cheques work while processing it in SAP? What are the effects and the methods.
