Answer Posted / janardhan
differance between p/l a/c and trading a/c means
Trading a/c is that a/c which includes only trade related
a/cs like purchase,sales and all those epenses which
incurred only from trade.
But in Profit and Loss a/cs there is the all
direct/indirect income/expenses are to be recorded which
not related to the pure trade. trading account profit add
in p & L a/c, trading account loss less from P&L a/c
| Is This Answer Correct ? | 17 Yes | 7 No |
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