Answer Posted / prabin
To find out the actual profit and loss a/c. First of all,
we have to entry all Administrative Exp., Selling and
advertisment Exp, R and D exp, pleminery exp. ( Revenue
Losses) with Deprecation exp in debit side of PL Account.
likewise, All Revenue income is posted in credit side of PL
a/c.
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Provision of Bad Debts is made in compliance with the convention of -----------
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