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Trading a/c

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(Querist)
30 November 2013 What is Trading a/c why we prepare Trading a/c.
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
30 November 2013 Trading account means the account which shows the details of opening stock,closing stock,purchases and sales who has the trading means purchases and sales are required to prepare trading account, To know the Gross profit we required to prepare trading account.

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