what is profit & loss A/c? difference between income &
expenditure A/c
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Answer Posted / raja mohamed
Profit loss A/c is maintanined the organistaion all tye of
expenses and incomes included the profit loss A/c . profit
loss A/c is give to the net profit or net loos.
Income expenditure a/c is maintanined the non profit- loss
earning organisation is maiuntained Example Service
organisation.
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