Question

Trading WC prepare to find out . *
(a) Gross profit / Gross loss
(b) Net profit / Net loss
(c) Surplus / Deficit​

Answer 1

ans of que is as follows:

(a) - Gross profit/ Gross loss.

Explanation: Trading account is prepared to find out the direct profit on the product sold. this indicatesthe scale & closing stock as credit item & purchases & direct expances as debit items.

The result of trading account shows gross of profit or loss.

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