Accountancy, asked by PragyaTbia, 1 year ago

The credit balance ofTrading Account. Answer in a word / phrase / term.

Answers

Answered by Anonymous

I THINK.....

GROSS PROFIT IS THE ANSWER ....

Answered by dualadmire

Answer:

Gross profit

Explanation:

Gross profit is the credit balance of the trading account. The credit balance of a trading account defects the profit earned due to the trading activities of a business or a company.

Gross profit may be defined as that amount when the amount of sale exceeds the amount of purchase and the expenses directly are connected with such purchase.

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