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Prepare the Trading and Profit & Loss Account and the Balance Sheet for M/s Sathyam trader's.

May 4, 2026Accounting

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Here's the preparation of the Trading and Profit & Loss Account and the Balance Sheet for M/s Sathyam trader's.

Step 1: Prepare the Trading Account.
The Trading Account calculates the Gross Profit or Gross Loss by matching direct revenues (sales) with direct costs (cost of goods sold and direct expenses).

Trading Account for the year ended 31-03-2018 \\
\begin{array}{l r | l r}
\hline
Particulars & Amount (Rs.) & Particulars & Amount (Rs.) \\
\hline
To Opening Stock & 22,000 & \text

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