Prepare a profit and loss account
This query is : Resolved
24 March 2014
I am finance executive how can I prepare a profit and lossaccount procedure
24 March 2014
by debiting all exp and losses and crediting all income and gain.
Message likes :
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24 March 2014
Dear sir,
Thankyou sir,
and I have one doubt sir in profit and loss account have total of sales and total of Indirect expencess is equals.what is the financial position of the company.
Thankyou sir,
and I have one doubt sir in profit and loss account have total of sales and total of Indirect expencess is equals.what is the financial position of the company.
24 March 2014
it is sales - direct-indirect tax will give u result.
if ans is +ve then profit else loss
if ans is +ve then profit else loss
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