what is the outcome of trading and profit and loss account
Answer Posted / poorna
Gross profit or the gross loss are the outcomes from trading account, where any of these outcome will helps to derive the net profit or net loss from proft and loss account....where this net profit or loss is linked to the capital amt on liabilities side to know the fairness of the concern by equating both assets and liabilities.....
| Is This Answer Correct ? | 9 Yes | 1 No |
Post New Answer View All Answers
RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above
what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.
Please give me as example of service tax & Vat Posting through Tally.
What are the columns of a journal?
in what circumstances it is mandatory to calculate the goodwill.
SIR HOW MANY FORM USE FOR COMMERCIAL TAX & WHAT IS THEIR USES. PLEASE GIVE YOUR SUGGEST
Why TDS not Deducted on Service tax amount of Rent.
Define each Flexfeild qualifiers (natural accounts, balancing acc., secondary tracking, cost center)
service tax calculated on agreement value or market value whichver is higher for builders?
Explain accounting 101?
IS THERE ANY DIFFERENCE BETWEEN PAID UP CAPITAL AND PAID IN CAPITAL?
any one provide me mm & fi configration steps
What Is Differ tax,
What is the difference in accounting and marketing and what is so different about them?
Tell me why some asset accounts have a credit balance?