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how to create the trading a/c, profit & loss a/c & Balance
sheet & What do u mean by bank reconcilation
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Answer Posted / chandni
Trading,P&L A/C are created from trial balance of the
business. Trading a/c involves purchases and sales,P/L a/c
includes expenses.
Bank reconciliation is statement to reconcile the
bank balance as per pass book and with bank balance as per
cash book.
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