Trading & Profit & Loss account and balance sheet is prepared from ______?

ٹریڈنگ اور منافع اور نقصان کا اکاؤنٹ اور بیلنس شیٹ ______ سے تیار ہے؟

Ledger balance

Ledger balance, cash, and bank balances

Trial balance

None of these

Explanation

The trial balance is a summary of all ledger balances, ensuring that total debits equal total credits before preparing financial statements.

It serves as the basis for preparing the Trading & Profit & Loss account and the balance sheet by listing all account balances in a structured format.