Question

debit balance of trading account indicals​

Answer 1

Answer:- Debit Balance Of Trading Account

Implies Gross Loss Incurred As A Result Of The

Trading Activities Of The Business

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Answer 2

Answer:

Debit balance of Trading Account implies gross loss incurred as a result of the trading activities of the business. If the amount of purchases and direct expenses exceeds the amount of sales and stock at the end, then the difference amount is termed as a gross loss.

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