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...

why we transfer wages and salary in trading a/c,and why we
transfer salary and wages in p/l a/c?

Answer Posted / pranesh debnath

Because Wages & Salary is taken as closely related to trading activity that is transferred to Trading statement (Trading A/C) whereas Salary & Wages is related to operating activity and transferred to operating statement (P&L A/C).

Is This Answer Correct ?    32 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Tell us what kind of work environment do you prefer?

1084


What is the entry to be passed on receiving the tds certificate in the books of the deductee?

2611


What are a debit note and credit note with an example?

1046


Tell me do you think accounting standards are mandatory and why?

1122


is there is mentioned that we can adjust excess debtors with creditor in the stock statement while calculating Drawing Power

1633


Cello pen gross value is 935.89 for 12 nos 14.5% tax

1926


i wana give an interview as sr. excise officer what r the question will asked by interviewer ??? Please suggest me so I can clear inteview.thank u

5611


salary entry with briefly including pf,esi,employee advances -journal entry with against payment entry

1565


what single discount is to2 successive discount of 10%& 15%

1820


Explain how you can adjust entries into account?

1148


What is rate & taxes in Accounting. when we make a journal entry like rate & taxes debit & party credit. So i want to guide me consider for rate & Taxes.

1635


A non-function currency claim:- Employee while updating a non functional currency claim the system uses the period end rate i.e. any claim pertaining to the period 01Aug - 25th Aug. the system uses the period end rate as of July 31st. (2) Also, what is the basis of using the period end rate not the average rate for expenses claim. Can you please clarify my question.

1965


Tell me what is your track record for consistently achieving your targets?

1291


What software applications have your used for accounts receivable?

1092


If a transaction was missed completly how do you find it?

2065