Answer / lxmi1972

Trading Account means where a company has Sales,
purchase,Sales Return,Purchase Return along with the
Closing stock .

Trading Account plays a vital role as this will determine
the Gross Profit of the Company.

Answer / h.r. sreepada bhagi

Trading A/c presents the Gross Profit for an accounting
period as the operating result of -

1.Opening Stock
2.Net Purchases
3.Direct Expenses
4.Net Sales, and
5.Closing Stock.

This is prepared to now the operating efficiency & operating
margin of a Trading Company.

usualy what they are expecting source of knowledge while in interview

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