1. Trading Account reveals profit or loss.
2. Excess debit over credit in the trading account represents a .
3. Return outwards are deducted from .
4. Factory wages will appear in the side of trading account.
5. Stock is usually valued at price or price, whichever is lower.
6. equals to sales minus cost of goods sold.
7. =cost of goods available for sales less gross profit.
8. Trading account is charged with all expenses.
9. The closing stock at the end of the year is the stock for subsequent year.
10.Sales are transferred to the side of Trading Account