Sole Trader: Trading and Profit and Loss Account and Capital Accounts
Image credit clarkewillmott.com ZIMSEC O Level Principles of Accounts Notes: Terms used in the Trading and Profit and Loss account
- The Trading and Profit and Loss Account is not balanced off at the end of the trading period
- This means there are in no corresponding “balance b/d” in the […]


An example of journal entries. Image credit Frank Wood’s Business Accounting 1 

Purchases Day Book example. Image credit Frank Wood’s Business Accounting 1. 
