Write any 5 Trading
Account debit side entry,
Any 5 Profit and Loss
Account Credit side
entry, and Any 5 Asset
side entry
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In order to arrive at the balance sheet of a business, one needs to prepare the trading account and profit and loss account first. This account is prepared to arrive at the figure of revenue earned or loss incurred during a period. Let us understand the trading account and profit and loss account in detail
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