Accountancy, asked by ankitchauhan8843, 3 months ago

insurance where show , trading , profit and loss a/c or balance sheet...

Answers

Answered by sara210506

1

Answer:

In order to arrive at the balance sheet of a business, one needs to prepare the trading account and profit and loss account first. This account is prepared to arrive at the figure of revenue earned or loss incurred during a period. Let us understand the trading account and profit and loss account in detail.

Answered by lunaticfound

0

Insurance is shown in the assets side of w balance sheet

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