Syjc final accounts
This query is : Resolved
09 May 2014
my sir told that in trial balance if trade expense is given than it.will appear in PNL account but. in trial balance trade exp n other exp like miscellaneous n all r given than it will appear in trading account can u explain y is.it so
09 May 2014
direct expenses must be shown in Trading account i.e. direct freight, direct labor etc. to calculate gross profit/loss.
indirect expenses must be shown in PNL to calculate net Profit /loss
indirect expenses must be shown in PNL to calculate net Profit /loss
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