Home page               Download material                Accounting topics                Accounting dictionary                Financial calculators

Home Accounting Dictionary Letter T Trading Account Definition
 
 

A   B   C   D   E   F   G   H   I   J   K     M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z

 

Trading Account Definition:

An account in which gross profit is calculated. The account in which profit is calculated is split into two sections. One is trading accounting and the other is profit and loss account. Trading account is used to calculate the gross profit and profit and loss account is used to calculate the net profit of the business.

New Page 1

A D V E R T I S E M E N T

 

 

 

 

 

 

Home                         Download material                         Contact us                         Privacy policy                         Link to us                         Advertise

Copyright 2011