Question

defferentiate between business proffession and trade​

Answer 1

Answer:

Generally, Manufacturing / Trading / Profit & Loss a/c is maintained in case of Business. Generally, Income & Expenditure a/c is maintained in case of Profession.

Explanation:

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Answer 2

Answer:

What is the difference between a business and a profession?

Business is an economic activity where people sell goods or services. Profession is an economic activity where people work with their knowledge and skill.