mention five items that is commonly use when preparing
trading and loss account

Answer Posted / s

five main items include in trading account are:
1.purchase
2.wages
3.opening stock
4.sales
5.closing stock.

Is This Answer Correct ?    9 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Hi sir, Our appointed one agent for sales promotion activities. This agent doing the job "canvas of our product". My quires 1)it is eligible for service tax and how to accounted. 2) this transaction is direct expenses or direct expenses? Pl suggest me

1310


Define public accounting?

651


Tell me what is the abbreviation for the accounting terms debit and credit?

565


pass journal entry for Prepaid insurance

1183


please inform me , how to make employee ladger account of salary...please inform me with entry..e.g if we give 14000 salary, as structure we put it half amount in advance and half is salary so in this case how to make entry in employee ledger account...please inform me...both things..Thank You.

4246






What is an operative accounts?

633


what is the impact of bank garantee of rs 100000 on cash flow statement which has been expired...& impact on bank reconcilation statement

1717


service tax calculated on agreement value or market value whichver is higher for builders?

1895


What was the most difficult deal you had to close?

567


Re: CST RATE IS 1 % IF C FORM IS RECEIVABLE. IF C FORM IS NOT RECEIVED FULL AMOUNT WHAT WILL BE THE RATE OF CST

1534


Please provide me the entire format of P.F. & ESI

1698


if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?

3400


What is the important of computerized accounting to manual?

670


Tell me what do we mean by purchase return in accounting?

593


Tell me what is the equation for acid-test ratio in accounting?

540