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what is the difference between cash flow and profit and
loss account?
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Answer Posted / azam khan
The cashflow statment shows the exact position of liquidity
in a firm that how much cash is incorporated in business
and how much is expensed over various heads during fiscal
year.
while profit&loss a/c show that wheather the business is
going in prfit or loss .
| Is This Answer Correct ? | 11 Yes | 4 No |
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