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Trading Profit and Loss Account and Balance Sheet Form

Trading Profit and Loss Account and Balance Sheet Form

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Instructions and help about Trading Profit And Loss Account And Balance Sheet

hello viewers i highly welcome all of you to any accounting tutorials but then before we start don't forget to subscribe to my channel so that anytime i drop a new video you get a notification right there on your devices and also like comment and share my videos for the benefit of others today we are going to look at final accounts of a soul fader when we talk of final accounts we are actually talking about the trading profits or lost accounts and the balance sheet these are okay so we are going to look at how sole traders prepare these two accounts okay so we'll be looking at the paying accounts and then a profit a profit and loss account and then balance it okay but the combination of the trading account and that of the profits and loss accounts gives us an income statement income statement sorry an income statement and then the balance is now you also call it the statement of financial position statement of financial [Music] position but the credit account we actuall

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