how can we classify the elements in trail balance into trading and p&l a/c
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Hey mate✌️✌️
In trial balance in trading account all direct expense are comes under.
EXAMPLE ⏩ Wages, Carraige Inward.
In Profit and loss account all indirect Expense and loss comes in debit side and income comes in credit side of profit and loss account.
✨ Hope this helps you ✨
In trial balance in trading account all direct expense are comes under.
EXAMPLE ⏩ Wages, Carraige Inward.
In Profit and loss account all indirect Expense and loss comes in debit side and income comes in credit side of profit and loss account.
✨ Hope this helps you ✨
narayanan52:
thanks but you didn't tell the credit side of trading account
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