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| Globally Accessible Accounting and Inventory Control Application with you online store and e-payment interface. Internet or Web based Accounting and Inventory Control Application including a online store for your business with a shopping cart and credit card interface. Runs in an internet browser from any computer. | | Learn More | |
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HiTech Hospital Management System
Software system for Hospitals / Pathology Labs / Nursing Homes
Trading & Profit & Loss Account Trading & Profit & Loss Account, Accounts Module
It is the summary of such accounts which effect the profit and loss of your business. These are prepared by transferring from the trial balance all Nominal Accounts and Accounts relating to Goods ( account type Income or Expenditure) by means of closing entries. All remaining Accounts i.e. Real and Personal, Relating to properties, assets, debtors and creditors ( account type Asset or Liability ) are shown in the balance sheet.
In order to know the financial position of your business or the effect of various accounts on you business these accounts are grouped at one place. Items increasing profit (revenue) or account type Income are put on credit side. Items decreasing profits ( losses and expenses) or account type expenditure are put on the debit side. The balance is either net profit or net loss.
This Income Statement is normally divided into two parts - first part is called Trading Account and the Second Part is called Profit and Loss Account.
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HiTech Accounting Software, Billing Software, Inventory Control Software for Various Business Segments - Watch these accounting software videos | | HiTech Pharmaceutical Sales, Stock and Accounts Manager - Accounting Software | Inventory Control, Accounting and Business Management Software | HiTech Accounting Software - Hills of Shimla, Himachal, India in Video | Accounting and Business Management Software - Financial Accounting Software |
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