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प्रश्न
It is an account prepared to ascertain the gross profit/loss. It is a nominal account and represents the first stage of final accounts of a trading organisation.
पर्याय
Trading account
Profit and Loss account
Balance sheet
Manufacturing account
MCQ
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उत्तर
Trading account
Explanation:
A Trading account may be defined as an account prepared to ascertain a business concern’s gross profit or gross loss for a given time period.
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