Question

What is the meaning of Trading a/c?​

Answer 1

Answer:

Trading account is a statement which is prepared by a business firm. It shows the gross profit of business activities during a specific period. ... In other words, the trading account gives details of total sales, total purchases and direct expenses relating to purchase and sales.

Answer 2

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Trading account is a statement which is prepared by a business firm. It shows the gross profit of business activities during a specific period. It is a part of the final accounts of the entity. Trading account format for the year contains Particulars, Amount, Dr., Cr., Purchases, Sales, etc. ...