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Items of trading account P/L A/c & Balance sheet

Answer» And balance sheet :- We use assets, liability and capital<br>Items included in the debit side of the trading account*Opening Stock: Opening stock consists of raw materials , work in progress and finished goods depending upon the nature of business.*Purchase. Purchase includes both credit purchase and cash purchase. ...*Purchase Returns. Purchase returns is appear in the credit side of trial balance. ...*Direct Expenses.


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