Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is trading Account ?

Answer Posted / animesh

Trading A/C is prepared at the end of every year.Transaction and Expenses related to the goods are recorded in it.For e.g, like Purchase-Sale of goods,Freight Carriage inward etc.It is useful to find out the GP(Gross Profit) OR GL(Gross Loss).

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the difference between financial accouning and financial management?

2212


Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset

2176


how to calculate stt

2734


Why do you want to work with us

2305


income from depreciated asset is profit or loss?

1487


distinguish between Bill of Exchange and Promissory Note

2313


plz send all previous question papers for SBI clerical post.My email id is mechabhilash6@gmail.com

2006


Raju put labour charges bill for Rs 65000/- You are directed to deduct 5% security deposit and 1.15% TDS from the bill. Pass journal entry for it

2193


With scan-based trading, are retail companies creating inventory at the point of sale or recording income/expense?

2420


Deposited Rs 25000 in Canara Bank of ABC co towards dealership deposit thru our SBH Bank Pass necessary entry

2195


Apportion Nett profit of rs 325600 among the partners A,B,C and D as per sharing ratios of 26%,13%,32% and the balance to D.Pass journal entry

1909


how will you create the posting periods 3 and 5 or 5and 7?

2109


How does the ration analysis help in depicting profit and loss

2148


Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance

1864


how can i make transaction related to inflation account in sap ?

2054