Trading profit and loss accounts questions


From Wikipedia, the free encyclopedia. By using this site, you agree to the Terms of Use and Privacy Policy. Batlibboi- The Trading Account shows the result of buying and selling goods. The excess of assets over liabilities represents the capital sunk into the business, and reflects the financial soundness of a company.

Section deals with preparation of final accounts by companies, while section deals with the form and contents of the balance sheet and the profit and loss account. Retrieved from " https: Batlibboi- The Trading Account shows the result of buying and selling goods.

The examples and perspective in this article deal primarily with India and do not represent a worldwide view of the subject. This article is an orphanas no other articles link to it. Now its known as the statement of financial position of the company. The excess of assets over liabilities represents the capital sunk into the business, and reflects the financial soundness of trading profit and loss accounts questions company.

Sections to of the Indian Companies Act deal with legal provisions relating to preparation and presentation of final accounts by companies. This page was last edited on 4 Marchat This article has multiple issues.

The financial position of a business is found by tabulating its assets and liabilities on a particular date. Sections to of the Indian Companies Act deal with legal provisions relating trading profit and loss accounts questions preparation and presentation of final accounts by companies. Unsourced material may be challenged and removed. Learn how and when to remove these template messages. This page was last edited on 4 Marchat