Accountancy, asked by ved0919, 6 months ago

to which accounts gross profit is transferred?

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Answered by sagar88887

Answer:

Trading account is prepared to know the gross profit/loss of the business. Gross profit taken out from trading account is transferred to credit side of the profit & loss account to meet out the indirect expense.

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to which accounts gross profit is transferred?​

Answers

to which accounts gross profit is transferred?