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

Answer Posted / pradnya

Trading A/C means which includes all direct and indirect
expenses and incomes. and which also includes
Dr. Trading Account Cr.
______________________________________________________________
Opening Stock Sales
+ Purchases - Sales Returns
- Purchase Returns
Direct Expenses
(Factory related Exps
such as wages,electricity use Closing Stock
for manufacturing etc)

Is This Answer Correct ?    10 Yes 5 No



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