Final Accounts of a Proprietary Concern — Book Keeping & Accountancy STD 11 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsBook Keeping & AccountancyFinal Accounts of a Proprietary Concern1 Mark
Question
What is Trading Account?
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Answer
An account in which direct expenses are compared with direct incomes to find out gross profit or gross loss for a given period is known as Trading Account.
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