Business Studies, asked by Ajeshkm4136, 9 months ago

Debit balance of trading account indicates ...... of the business

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Answered by Anonymous

Explanation: please mark on brainliest

Explanation: 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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