Any two difference of Trading and Profit and loss A/c

Answer Posted / saikiran( kevin)

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.

Is This Answer Correct ?    30 Yes 8 No



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