Trading Account
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MS: Akaun Perdagangan · EN: Trading Account · ZH: 买卖账户
Meaning
The Trading Account is the first section of the Income Statement that calculates a business's gross profit. It compares net sales with the cost of goods sold for a period. Opening inventory, purchases, carriage inwards and closing inventory are all used here.
Example
Sedap Restaurant has sales of RM50,000 and cost of goods sold of RM30,000. In the Trading Account, gross profit is calculated as RM50,000 minus RM30,000, which is RM20,000.
Source: DSKP KSSM Prinsip Perakaunan Tingkatan 4