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P2 C5 Financial Statements of Business Organisations — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP2 C5 Financial Statements of Business Organisations1 Mark
Question
Which accounts are shown in the Balance Sheet?
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Answer

Goods accounts, expenses accounts and incomes accounts are closed by preparing Trading account and Profit and Loss account.

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