Question

trading a/ctrading account with profit and loss account and and balance sheet ​

Answer 1

Answer:

Final accounts 1

Explanation:

it is use for summary of basic of accounting

Answer 2

it is from the final accounts with adjustments Preparing a trading account is the first stage in of final accounts of a trading concern. It determines the gross profit or gross loss of the concern for that accounting year. For determining the true result or the net result of the business, preparing the Trading and Profit and Loss account is necessary. We prepare these accounts on the last day of the accounting year. We consider only direct revenue and direct expenses in this account.

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