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Accounting is: – To keep only records of financial transactions. The writing of transections; The meaning of records; The art of recording, classifying and summarizing transactions;
Closing stock in trial balance implies that It is already adjusted with the Purchase It is already adjusted with the Sales It is already adjusted with the opening stock It is already adjusted with the Capital
Gross Profit calculated from Trading A/C Balance Sheet Profit and Loss A/C Trial Balance
Trial balance is a/an Both of these Statement None of these account