How to prepare a Trading, Profit & Loss account and a balance sheet For ITR 3 ITR 4 | ITR Online

ITR Filing | Income tax E Filing | How to Prepare Balance Sheet for ITR 4, ITR 3 | Business Return Ke liye Balance Sheet Kaise Banaye
Trading account is the first part of this account, and it is used to determine the gross profit that is earned by the business. Profit & loss account is an account, representing the actual profit earned or loss sustained by the business during the accounting period. A business needs to prepare a trading and profit and loss account first before moving on to the balance sheet

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