Answer Posted / shashi sharma
Trading account is that account where we entered the all
direct expenses releted to gross profit and manufactur or
production expenses. e.g- carriage inward,wages,purshases
etc.
p&l account is releted with net profit and indrict expenses
or all out of productioon expenses and manufactur
expenses.e.g- carriage outward, income,commission,bad
debts, insurance and also it include official expenses.
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