Q 2 - Suppose a shopkeeper purchases goods for 10000 and sells for 8000 What is Purchase,Sales and Profit?

View Answer

If there is Profit in P&L,it is shown on Left Side
If there is Loss,it is shown on Right Side

  1. Accounts and Finance
  2. Step 1 Basic of Accounts - Debits and Credits

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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.