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Fill in the blank :Debit Balance of Trading Account indicates ___________ - Book Keeping and Accountancy

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Fill in the Blanks

Fill in the blank :
Debit Balance of Trading Account indicates ___________

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Solution

Debit Balance of Trading Account indicates gross loss.

Concept: Trading Account
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APPEARS IN

Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 9 Final Accounts of a Proprietary Concern
Exercises | Q 5. 2) | Page 317
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