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  • 1 answers

Uzma Ansari 8 years, 4 months ago

Operating profit refers to the profit earned from a firm's normal core business operations.it also known as earnings before interest and tax. & Net profit is measure of firms net income or net earnings during a given period of time.
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Sachin Sheoran 8 years, 4 months ago

A trading account is an interface that allows buying and selling of shares.

Uzma Ansari 8 years, 4 months ago

The trading a/c show the result of buying & selling of goods.in preparing this a/c,the general established charge are ignored and only transaction in good are included.
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Jyoti Singh 8 years, 4 months ago

Yes it will be recorded in the books of account bt as a drawing and the manufacturing amount will be enter
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Sachin Sheoran 8 years, 4 months ago

Transactions recorded on two sides. Each transaction Effect 2 accounts. Preparing balance sheet.
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Sachin Sheoran 8 years, 4 months ago

Credit side

Sachin Sheoran 8 years, 4 months ago

Asset side.
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Tejasvi Rao 8 years, 4 months ago

It is direct expenses.
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Tejasvi Rao 8 years, 4 months ago

Machinery A/c Dr To cash/bankA/c

Shivansh Shaw 8 years, 4 months ago

Machinery a/c Dr. xxx To cash xxx
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Srishti Sharma 8 years, 4 months ago

Cash a/c. Dr. 100 To sales a/c. 100

Monica Panigrahi 8 years, 4 months ago

RS A/C To sales A/C
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Monica Panigrahi 8 years, 4 months ago

It is a statements which shows the financial performance and financial position of the business . it includes trading account , profit and loss account and balance sheet.
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