Accountancy, asked by monagoyal8365, 1 year ago

Difference btwn final account of trading and non trading concern

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Answered by taibak35
0

Answer

The main points of difference between trading and non-trading concerns may be summarized as follows:

Objective:

Trading Concerns: The main objective of these concerns is to earn profit.

Non-trading Concerns: The main objective of these concerns is to provide goods and services that fulfill a social need.

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