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प्रश्न
ASSERTION: Trading Account may be defined as an account which is prepared to ascertain the gross profit or gross loss of a business concern for a given time period.
REASONING: Trading Account contains items of capital nature only.
पर्याय
A is true, and R is the correct explanation for A.
A is true, and R is not the correct explanation for A.
A is true, but R is false.
A is false, but R is true.
MCQ
विधान आणि तर्क
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उत्तर
A is true, but R is false.
Explanation:
Trading Account is prepared to ascertain gross profit or loss for a period. It contains revenue (direct) items such as sales, purchases, and direct expenses, but not capital items, so R is incorrect.
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