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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
trading account will be treated as nominal account or real account? pls inform.
trading account is a nominal account
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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