separate trading account

Ankush (Student) (1374 Points)

15 October 2018

is it compulsory to show?

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4 Replies

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 15 October 2018

Can You Elobrate Your query again...?!

What is this...?! No more clarity.

Ankush (Student) (1374 Points)
Replied 15 October 2018

in case of a trading concern is it okay if we just make profit and loss account

SHIVANI KUDTARKAR (512 Points)
Replied 15 October 2018

if you are declaring 8%of gross turnover then there is no need even to maintain P n L. but it is advisable to maintain it for your reference

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 15 October 2018

@ You can make "BS and PandL" account.

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