Accountancy, asked by rodicksangma, 3 months ago

how would you treat the profit or loss on trading activities carried on by a club​

Answers

Answered by jyotijyoti99581
0

Answer:

Trading account is prepared by any firm to record all those entries which are related to some kind of economic transaction of the business.

XYZ club has to record it profit or loss in the income and expenditure account because the profit or loss is that amount which is not related with any kind of economic transaction of the business...

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