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Where is trade expeneses are put Is it profit or loss account Or trading account Why


nisam M

nisam M

CA Foundation

10K+

01-Mar-21 02:47

18

Answers (9)

trade expenses are related to factory expenses so it comes under trading account not p&l


sai t

sai t

CA Foundation

295

01-Mar-21 10:11

No bro , in the question they are putting in profit and loss ,


nisam M

nisam M

CA Foundation

10K+

01-Mar-21 10:32

No bro , in the question they are putting in profit and loss ,

Which question??


sai t

sai t

CA Foundation

295

01-Mar-21 10:49

Trade expenses are of two types, both direct and indirect. Those which are direct and effect the gross profit are debited to trading a/c and indirect ones are debited to P&L a/c


ruchi lahoti

ruchi lahoti

Moderator

01-Mar-21 10:51

No bro , in the question they are putting in profit and loss ,

they are two types of trading expenses: direct expenses and indirect expenses Direct expenses :trading account Indirect expenses :p&l account


sai t

sai t

CA Foundation

295

01-Mar-21 10:54

How we will understand whether the trade expeneses given is a direct or indirect


nisam M

nisam M

CA Foundation

10K+

01-Mar-21 10:54

Trade expenses are of two types, both direct and indirect. Those which are direct and effect the gross profit are debited to trading a/c and indirect ones are debited to P&L a/c

How we will understand whether the trade expeneses given is a direct or indirect


nisam M

nisam M

CA Foundation

10K+

01-Mar-21 10:54

How we will understand whether the trade expeneses given is a direct or indirect

Administrative expenses and office expenses are indirect expenses which comes under profit and loss account Factory expenses are direct expenses which comes under trading account


sai t

sai t

CA Foundation

295

01-Mar-21 10:57

Administrative expenses and office expenses are indirect expenses which comes under profit and loss account Factory expenses are direct expenses which comes under trading account

Indirect expenses are like salary wages, office rent godown rent,stationety, discount paid, loss on fire, depreciation, bad debts Direct expenses purchases sales closing stock etc


sai t

sai t

CA Foundation

295

01-Mar-21 11:03

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