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what is diff between p&l & trading a/c

Answer Posted / sethuraman

Trading Account is based on Factory Process,its involved
Procuction Expenses,Material Consumtion this Expenses is
not Fixed Expenses.
P&L Account is Based on Office
Expenses,Marketing,Advertisement& Admin Related this is
Indirect Expenses.It is contain Fixed & Variable Expenses.

Is This Answer Correct ?    27 Yes 3 No



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