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 / anudeep
we have to disclose both cash and credit sales in trading
account sales returns will be deducted from sales in trading
account
| Is This Answer Correct ? | 10 Yes | 0 No |
Post New Answer View All Answers
How to treat company managers personal expenses met by company if he is not taking salary from company and in future salary will be payable after deducting all personal expenses (salary amt will be decided only at paying year). pass journal entries
a.what products does your firm produce? b.what costs are asssigned to the product produced? c.for particular product,what direct materials are used? d.what percentage of total manufactoring costs is direct labor? direct materials?overhead? e.how is overhead assigned to the products? f.do you now use or plane to use an activity_based management system?why or why not?
How familiar are you with crm?
how to calculate the per unit cost of production
What is invoice processing can u explain it?
what is apply SI post
We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.
What is the difference between provision and reverse?
what is ment by suspence account and dummy account
Cash bill of sale so the company can deduct the amount.
What are the criteria for accounting job?
Cello pen gross value is 935.89 for 12 nos 14.5% tax
What do you find most satisfying about this job?
difition of reserve & surplus
Please describe your experience in inventory reporting & valuation including reconciliation of inventory accounts.