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...

Difference between P/L a/c and Trading a/c

Answer Posted / harpreet

The trading a/c is an account which is prepared to show the results of gross profit and gross loss during an accounting period..

A profit and loss a/c is an account which is prepared to show the result of net profit and net loss for a particular time of period....

Is This Answer Correct ?    16 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what are the limitations of accounting ratios?

1102


What is WCT ? Who will Resposible for deposit WCT Means TDS Deductor or Material supplier. Is TDs applicable on WCT. Who will responsible for deposit WCT. I Am New For this Field. Thanks in advance...

5247


What is good accounts Process & Execution capabilities?

2251


what is an ideal organisation

2330


Tell us what inspired you to move to the next opportunity?

1110


What is meant by partitioning?

1356


WHEN WILL SBI DECLARE THE RESULTS OF INTERVIEWS OF CLERICAL CADRE HELD IN APRIL-MAY 2010?

2127


Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?

1232


How to group the companies in tally?

2098


what are the direct expense of loan department in banks.

1526


Are there any questions you would like to ask?

1295


What is the equation for acid-test ratio in accounting?

1145


Payment Blocks . What is "A" and "R" Blocks in Account payables.. ??

1680


What is service tax & excise?

1161


Can anybody tell me diference between provisions of Profit and Loss account prepared as per company act & Income Tax Act?

1945