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If the debit side is more than the credit side it means that there were more expenses this year than the incomes. Thus, there is a gross loss
By: Munesh Kumari ProfileResourcesReport error
Pratap Ray 9 months ago
trading account will be treated as nominal account or real account? pls inform.
trading account is a nominal account
yawan chaudhary 10 months ago
please explain this question
dr side of trading account signifies expenses while credit side signifies income so when expenses are more it would result in losses
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