General Doubt regarding ......

as per Accounting rules we should have to journalise and ledger the nature of accounts, whatever the transactions happened we should have to find out the first of all nature of accounts....


typically trading account is have what type of account what type of nature of accounts


🌟 ( To )describes credit and( By) describes Debit ..


Trading account

To opening stock. By sales

To purchases. By closing st

To wages


here To and By how it's works plse explain me....

By student
Replies (2)
Quick Summary
This discussion seeks to clarify the nature of accounts within a trading account according to accounting rules. It specifically asks for an explanation of how 'To' (debit) and 'By' (credit) entries function for items like opening stock, sales, purchases, and wages. The user is looking for a detailed breakdown to understand the journalising and ledger posting process for these transactions.

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