Trading A/c consits of all Factory expenses and Revenues 
and the profit derieved is called Gross profit or loss.

P&l A/c consits of all operating expenses and Revenues and 
the profit or loss derieved is called Net profit or net 
loss.......................hav fun.

All Direct Expenses + Purchases are Trading a/c whereas the
rest of the a/cs viz., Indirect ^ Administrative Expenses
are P & L a/c