Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Which account effect net profit sales , AR , AP ?

Accounting Economics
user-image
Question added by Deleted user
Date Posted: 2016/05/18
Upvote (0) Views (1) Followers (2) Answers (1) Report Question
Write an Answer
Register now or log in to answer.
Shameer Nazir Madari
by Shameer Nazir Madari , Assistant Finance Manager , METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)

Sales is the Revenue account and it will effect the Profit and Loss account.

 

AR & AP is Balance Sheet item so it will not effect Profit and Loss account

Write Your Answer
More Questions Like This