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sir,
when I was going through the lectures I found out that vertical format is used and I was thought by horizontal format, so which format should i use now and which will be beneficial now (in relation to studying F7)
Thank you
Hi,
Can you please clarify what you mean by vertical/horizontal format. It isn’t something that I’m familiar with or have heard of before.
Thanks
In Example 1 I prepared a trading a/c and profit and loss a/c which had debit and credit side.The answer which I got was also similar.For example in trading a/c
dr cr
opening stock xxxx sales revenue xxxx
purchases xxxx closing stock xxxx
wages xxxx gross profit xxxx
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