Accountancy, asked by akshaygundeti29, 1 month ago

what is trading account? list the various items which forms important part of trading account

Answers

Answered by thunderbolts2k3

0

Explanation:

Elements of the Trading Accounts

Details of the Purchase. The purchase amounts are one of the vital data present in the trading account statement. ...

Opening Stock. ...

Gross Profit. ...

Direct Expenses. ...

Gross Loss. ...

Closing Stock. ...

Sales Revenue.

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