InterviewSolution
 Saved Bookmarks
    				| 1. | 
                                    Four differens between. trading account and profit and loss account? | 
                            
| 
                                   
Answer»  Trading account is an account which indicates the result of trading activities, such as purchase and SALE of products. PROFIT & LOSS account is an account, representing the ACTUAL profit earned or loss sustained by the business during the accounting period. It is PREPARED to ascertain gross profit for the period.Explanation:I hope it may help u  | 
                            |