Is there any techniques to solve final accounts faster? (Trading a/c, Profit& loss a/c &Balance sheet)
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1 : the manner in which technical details are treated (as by a writer) or basic physical movements are used (as by a dancer) also : ability to treat such details or use such movements good piano technique. 2a : a body of technical methods (as in a craft or in scientific research)
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The purpose of the two accounts is to separately identify the gross profit and net profit of the business. The trading account is the top part of the trading profit and loss account and is used to determine the gross profit.
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