Trading account showing loss
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 August 2012
I Am finalising My balance sheet but after getting all entries done, my trading account is showing loss, what should be the reasons and how to rectify them, please help me out
CA Lokesh Pokharna
(Expert)
30 August 2012
reasons may be many.. like sold goods below cost, low valuation of cl. stock etc.
if you find actual reason , then do rectifying entries .
if you find actual reason , then do rectifying entries .
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