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Write a note on the trading account. - Accountancy

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प्रश्न

Write a note on the trading account.

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उत्तर

  1. Trading refers to buying and selling of goods with the intention of making a profit.
  2. A trading account is a nominal account which shows the result of buying and selling goods for an accounting period.
  3. It is prepared to find out the difference between the revenue from sales and the cost of goods sold.
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  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 12: Final Accounts of Sole Proprietors - 1 - Very short answer questions [पृष्ठ २६४]

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सामाचीर कलवी Accountancy [English] Class 11 TN Board
अध्याय 12 Final Accounts of Sole Proprietors - 1
Very short answer questions | Q II 1. | पृष्ठ २६४
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