Difference between P/L a/c and Trading a/c

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Difference between P/L a/c and Trading a/c..

Answer / birendra singh

The trading account show in gross profit not show in actual
profit, but the profit and loss account show in actual
profit before pbt

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Difference between P/L a/c and Trading a/c..

Answer / ajaz ahmad bhat

Trading a/c is the a/c which only relates trade items purchases, sales, and expenses during the trading period but profit and loss a/c shown the all expenses whether direct or indirect and after we will give the output of result of net profit or net loss and transferred the balance sheet.

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Difference between P/L a/c and Trading a/c..

Answer / sandeep

Trading account means business account in which all
business related account includes.
Profit & Loss account in which only income and expense are
include.

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