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Answer Posted / shanmuga priya
The difference between p/l a/c and Trading a/c is that in
Trading a/c direct income and expenses are entered such as
opening stock, purchases, freight charges , sales, closing
stock.
in Profit and loss a/c. indirect expenses and income are
recorded such as depreciation, salary, rent, commission
received,
| Is This Answer Correct ? | 42 Yes | 7 No |
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