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  • 25-11-2021
  • World Languages
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what is Trading and Profit and Loss account
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XxitzmeyanyanxX XxitzmeyanyanxX
  • 25-11-2021
  • The trading account gives information related to profit earned or loss through various trading activities

Whereas the profit and loss, account determine the net profit or loss for the period. Trading and P&l accounts are used to calculate the gross profit and net profit of the organization.

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