Abstract
The trading and profit and loss account is prepared to calculate and show in detail the profit or loss for an accounting period of the business. It is divided into two sections (or accounts) — the trading section and the profit and loss section.
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© 1987 P. Stevens
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Stevens, P. (1987). Trading and Profit and Loss Accounts. In: Work Out Accounting GCSE. Macmillan Work Out Series. Palgrave, London. https://doi.org/10.1007/978-1-349-09460-8_4
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DOI: https://doi.org/10.1007/978-1-349-09460-8_4
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-44012-4
Online ISBN: 978-1-349-09460-8
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