what is the difference between cash flow and profit and
loss account?
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Answer Posted / ananth
cash flow is a statement in which we enters the infow and
outflow of the cash transactions in the business. the cash
flow statement will be prepared to know liquidity position
of the business
profit & loss account is an account where the all indirect
expenses and the incomes of the business are entered and at
last we will get the net profit or net loss of the
business.
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