Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / suraj
TRADING ACCOUNT IS PREPARED BY TRADER AND TRADING ACCOUNT
IS PREPARED TO ASCERTAIN THE GROSS PROFIT OR GROSS LOSS
G.P.=SALES -COST OF GOODS SOLD
THE NEXT IN THE PREPARATION OF FINAL ACCOUNTS IS THE
PREPARATION OF P&L A/C . IT IS OBSERVED THAT SOME ITEMS OF
REVENUE NATURE WILL BE TAKEN IN TRADING A/C AND REMAINING
ITEMS TAKEN IN P&L A/C THERE FORE TO ASCERTAIN NET PROFIT
OR NET LOSS
| Is This Answer Correct ? | 6 Yes | 3 No |
Post New Answer View All Answers
Tell me the meaning of long-term notes payable is or long term liabilities?
What is the Full Procedure of Purchase ?
kindly send the TDS tariff on Security expenses, rents, transport charges etc.,
Where do we create House banks and what is the process in sap fico
Do you think accounting standards are mandatory and why?
Interest received 5,000 and still receivable Rs. 2,000 PLease give journal entry for this!
WHAT ABOUT YOUR SELF IN ACCOUNTING SYSTEM
What are the columns of a journal?
what is loan operations and what are the complete process form from making customer to closure of loan
accounting principles, accounting concepts,meaning of managment and financial accounting and cost accounting.
discuss seperate determination concept
how will you adjust voluntary seperation payment in cash flow statement
Can i put opening stock in new company during closing time
is it related to b.com syllabus or puc syllabus
What do you find most satisfying about this job?
