Wednesday, July 30, 2008

Accounting Design of Trading and profit and loss account

ACCounting
new accounting softwares are going so well you can esily find accounting softwares.in accounting there is Concepts
of accounting like matching concept all concept are shows expenses and income diffrences.
Income:
A person who received a money against is servies is called reveniew or income.
Final accounts
There is some starts in accounts of finals accounts.final accounts shows like this AT THE END OF THIS YEARS 2000
ACCounts are shows this balances.
the we draw rows and columns. TRADING AND PROFIT AND LOSS ACCOUT
after it we start to write like this
DEBIT SITE expenses Income Credit SIde
Opening stock
purchases Sales
purchases return sales return
wages
carriage inward clossing stock
This is an example of Trading account Now i show you profit and loss accout and Then we disscuss balance sheet
Expenses Income
gernal expense Gross profit
carriage outward discount receive
office expense commission receive
stationary
plaints
plant and michenry
deprication
repair
furniture
fan purchase
computer purchase
rent
office rent
cleaning charges
bank charges
commision NEt profit
discount
This is and example of profit and loss acount
Now we will discuss Balance sheet
ASSets Libilites
plant and michanry Bill payable
cash net profit
cash in hand Purchases return
cash at bank
bill reciveable
petty cash
building
clossing stock

balance Will came same balance will came same..

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