Why do call p&la/cas a P&l a/c ?, why not P{or}L a/c
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Answer Posted / dayanand ramgurwadi.
some times in p & l a/c there may be gross loss but at the
end we may get net profit What i mean in p & L a/c there
may be possibility of both profit and loss.
| Is This Answer Correct ? | 25 Yes | 8 No |
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