Question

difference between trading and non trading concern​

Answer 1

Answer:

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Trading Concerns: The net income or profit earned during a trading period is distributed among the partners or shareholders. Non-trading Concerns: The excess of income over expenditure is not distributed but is used to fulfill the needs of the concerns.

Answer 2

Trading Concerns: The net income or profit earned during a trading period is distributed among the partners or shareholders. Non-trading Concerns: The excess of income over expenditure is not distributed but is used to fulfill the needs of the concerns.

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