How to prepare a trading, profit and loss account.
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How to prepare a trading, profit and loss account.
In this lesson we are going to look at how we prepare a trading, profit and loss account.
Aug 11, 2020
Trading Profit and Loss Account Examples
Master the art of Journal Entries with this quick reference sheet from my #50DaysAccountingChallenge. This note beautifully summarizes the treatment of important transactions like drawings in cash or goods, loss of stock by theft or fire, goods given as sample, goods donated, and bad debts with recovery. It clearly differentiates how these items appear in Trading/Profit & Loss Account and Balance Sheet, while showing the correct journal entries with narration. Understand which accounts are Nomin
Master the art of Journal Entries with this quick reference sheet from my #50DaysAccountingChallenge. This note beautifully summarizes the treatment of important transactions like drawings in cash or goods, loss of stock by theft or fire, goods given as sample, goods donated, and bad debts with recovery. It clearly differentiates how these items appear in Trading/Profit & Loss Account and Balance Sheet, while showing the correct journal entries with narration. Understand which accounts are Nomin
FacebookCA Devesh Thakur
10.2K views2 weeks ago
CA Devesh Thakur| Finance| GST| Influencer on Instagram: "Master the art of Journal Entries with this quick reference sheet from my #50DaysAccountingChallenge. This note beautifully summarizes the treatment of important transactions like drawings in cash or goods, loss of stock by theft or fire, goods given as sample, goods donated, and bad debts with recovery. It clearly differentiates how these items appear in Trading/Profit & Loss Account and Balance Sheet, while showing the correct journal e
CA Devesh Thakur| Finance| GST| Influencer on Instagram: "Master the art of Journal Entries with this quick reference sheet from my #50DaysAccountingChallenge. This note beautifully summarizes the treatment of important transactions like drawings in cash or goods, loss of stock by theft or fire, goods given as sample, goods donated, and bad debts with recovery. It clearly differentiates how these items appear in Trading/Profit & Loss Account and Balance Sheet, while showing the correct journal e
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