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If I purchase and sale of goods at same price then effect in
trading, P & L A/c

Answers were Sorted based on User's Feedback



If I purchase and sale of goods at same price then effect in trading, P & L A/c..

Answer / amit tiwari

Trading and profit loss Account depend on your Opening
Balance+ Purchase + Wages and Less Sale +Closing stock
But if other figure is 0.00 then there is no profit and no
loss position but the other figure is Available then the
situation will Different it’s not a complete Question or
complete position

Is This Answer Correct ?    7 Yes 0 No

If I purchase and sale of goods at same price then effect in trading, P & L A/c..

Answer / manoj s

In trading and profit and loss a/c you'll ve a loss...

Is This Answer Correct ?    3 Yes 6 No

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