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Why do call p&la/cas a P&l a/c ?, why not P{or}L a/c
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Answer Posted / kiran kumar
In Profit and loss a/c, Both we get profit and Loss
Simultaneously in the credit and Debit side of the
respective A/c, As exactly we dont konow the final result
of a concern.
| Is This Answer Correct ? | 2 Yes | 3 No |
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