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Maharashtra State BoardHSC Arts (English Medium) 11th Standard
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Answer in One Sentence: What is a Trading A/c? - Book Keeping and Accountancy

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Answer in One Sentence:

What is a Trading A/c?

What is a Trading Account?

One Line Answer
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Solution

A trading account is an account created to determine gross profit/loss, and this notional account serves as the first step of a trade organization’s final accounts. 

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Q 1. 1)
Chapter 9: Final Accounts of a Proprietary Concern - EXERCISE [Page 316]

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