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प्रश्न
The difference of the two sides of trading account is either net profit or net loss.
विकल्प
True
False
MCQ
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उत्तर
False
Explanation:
The Trading Account shows gross profit or gross loss (the difference between sales and cost of goods sold and direct expenses). Net profit or net loss is found in the Profit & Loss Account after indirect incomes and expenses are adjusted.
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