Expalin about the distinction between Profit and loss a/c
and balance sheet
Answer / neha
Profit & loss a/c shows the profit or loss of the organization.
Balance sheet shows the financial position of the organization
like solvency or insolvency.
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Expand A T R
Expand----------MSRT
What is Accounting? How to prepare the manual accounts? What are the manual accounts? What are the subsidary books? How to classify, summerising and posting accounts. What are basic and important stpes to take while preparing journal,ledger,cashbook, Bank book, Trailbalance, Trading and profit and loss a/c and Balance sheet.
2 Answers MM Investment, Wartsila,
Expand S E C
Apportion Nett profit of rs 325600 among the partners A,B,C and D as per sharing ratios of 26%,13%,32% and the balance to D.Pass journal entry
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