Trading account
1) Document (usually prepared by accountant/auditor, etc annually for business) showing income and expenditure for year - same as profit and loss account. Indicates gross profit/loss for year. Not to be confused with balance sheet.
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Trading account 1) Document (usually prepared by accountant/auditor, etc annually for business) showing income and expenditure for year - same as profit and loss account. Indicates gross profit/loss for year. Not to be confused with balance sheet. |
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