Science, asked by DIVRAJTHAROL2331, 1 year ago

Disadvantage of trading account in accounting

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Answered by anishkasweet
1

Answer:

Meaning. Trading Account is the first stage in the process of preparing final accounts. Trading account shows the gross profit or gross loss during an accounting year. Its main components are sales, services rendered in the credit side of such sales or services rendered in the debit side.

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