बेसिक चांस आफ अकाउंटिंग बेसिक टर्म्स आफ अकाउंटिंग।
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1. Business
Any legal action that is done in order to earn income or profit is called business. It includes the production of goods and services, purchase and sale of goods and services, banking, insurance, education transportation, and any other trading activity etc.
Trade
Purchase and sale of goods and services in order to earn profit is called trade.
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