Accountancy, asked by sahid2003ahmed, 17 hours ago

Interest Account ....where it will go in trading account

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Answered by kabbu28ju

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

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