Trading Account

For preparing final accounts, we make trading account before making profit and loss account and balance sheet. Main motive of making of this account is to calculate gross profit or gross loss. Gross profit or gross loss is difference of net sale and cost of goods sold. So, we will have to show all items of opening stock, net purchase, direct expenses, closing stock and sale for calculating of gross profit through this account.

Debit Side of Trading Account

1. Opening Stock
2. Net purchase ( total purchase - purchase return)
3. Direct Expenses
4. Gross profit ( Credit side total - debit side total )

Credit Side of Trading Account

1. Net Sale ( Gross sale - sale return )
2. Closing Stock
3. Gross Loss ( Debit side total - credit side total )
.
Name

"accounting software" "cost accountant" "financial management" account accountant accounting accounting education accounting format accounting glossary accounting questions accounting software ad advertising american express answer auditing b.com balance sheet bank bba BCA bonus business Business Dictionary CA CA- IPCC CA-CPT CA-Final capital career Category cfa children coaching company conferences Consignment Accounting contact corporate accounting cost cost accounting CPT credit card debit card debt degree depreciation dictionaries donation earning ecommerce economics education Events finance Finance Dictionary financial financial accounting financial mathematics Financial Ratios forex management free funds google google apps google talk guest writer Help Center ICWAI IFRS inspiration insurance terms interest journal entries lectures List m.com management accounting mathematics MBA MCA media mutual funds ngo notes overhead pdf pnb presentation Prof. Vinod profiles quickbooks quiz ratio rbi reporting Service Tax shares solution students tally tax teacher teaching Test Testimonials tips treasury management tutorial UGC NET Commerce video webinars Wikipedia working capital
false
ltr
item
Education of Accounting : Trading Account
Trading Account
Education of Accounting
http://education.svtuition.org/2010/07/trading-account.html
http://education.svtuition.org/
http://education.svtuition.org/
http://education.svtuition.org/2010/07/trading-account.html
true
8374141921294355176
UTF-8
Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock