Forums

Selling exp As 2

Accountancy

Selling expense is credited to pl why ?

IMG_0073.jpeg

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

710

19-Feb-24 15:09

114

Answers (5)

Last 3rd line of the qsn


Thread Starter

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

710

19-Feb-24 15:10

Thank you


Thread Starter

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

710

19-Feb-24 15:38

Selling expenses will not form part of inventory. It will be credited to p&l ac


Revathy N

Revathy N

CA Final

9K+

19-Feb-24 16:25

Revathy N

Selling expenses will not form part of inventory. It will be credited to p&l ac

Selling expense is expense & expense go to pl debit But here it’s sold that’s why pl credit


Thread Starter

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

710

19-Feb-24 19:12

They are crediting amount received from sale of containers.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

20-Feb-24 18:58

Individual Modules Offer
AFM Marathon