Question

how to find out trading and profit and loss account...?​

Answer 1

Answer:

This account is prepared in order to determine the net profit or net loss that occurs during an accounting period for a business concern. Profit and loss account get initiated by entering the gross loss on the debit side or gross profit on the credit side.

Answer 2

Answer:

$\huge\red{heya!!}$

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This account is prepared in order to determine the net profit or net loss that occurs during an accounting period for a business concern. Profit and loss account get initiated by entering the gross loss on the debit side or gross profit on the credit side.