Financial Accounting

THE FINAL ACCOUNTS OF LIMITED LIABILITY COMPANIES

Format of Trading Profit & Loss Account Trading Profit & Loss account for the year ended 31/12/9x Opening Stock                       x                  Stock                               x Add purchases             x                           Less return inward            x Less return outward     x        x                  Gross loss                        x Cost of goods available          x Less closing stock                  x Cost of sales                         x Gross profit c/d                     x X                                                        […]

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