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What is tradaing account??

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What is tradaing account??

Posted by Sunidhi Singh 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Yogita Ingle 6 years ago

Trading account shows the result of buying and selling of goods for a particular period. The trading account records the amount of purchase and expenses relating to manufacturing of goods are known as direct expenses. When sales exceed the cost of the saleable stage, all these expenses are known as direct expenses. When sales exceed the cost of goods sold, it results in gross profit and gross loss will result in the reverse case.

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