MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Disclosure of Share Capital

Answer the fo...

Question

Answer the following in one sentence:
Why is Trading Account prepared?

Open in App

Solution

Trading account is prepared to find out gross result of the business done in the accounting year i.e., gross profit or gross loss of the business.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Answer in one sentence.

Why is Trading Account prepared?

Q. Answer the following in one sentence:
What is Trading Account?

Q. Objective type questions :-
Answer in one sentence only.

State the meaning of debit balance of Trading Account.

Q. Answer in only one sentence :

Why is Trial Balance prepared?

Q. Trading account is prepared to know _________.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Understanding Balance Sheet

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Disclosure of Share Capital

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon