Question

Why prepare Trading? ​

Answer 1

Explanation:

Advantages of Preparing Trading Account Format

It is a very important statement from the cost point of view of the goods. By preparing the Trading account entities can take the decision for continuing or discontinuing a particular product. It helps to earn the maximum profit or reduce the losses.

Answer 2

Answer:

☆ Here is your Answer ➝

The trading account is prepared to show the trading results of the business, e.g. gross profit earned or gross loss sustained by the business. It records the direct expenses of a business firm. .. "The Trading Account shows the result of buying and selling goods.

Explanation:

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