what is the difference betwen p & l a\c and income &
expenditure statement
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Answer Posted / gurpreet singh chahal , ballar
P&L A/c is prepared for the Business Organization whose aim
is to earn profit by running business whereas Income &
Expenditure A/c is prepared for the non-Profit
Organization,Trusts etc.
| Is This Answer Correct ? | 37 Yes | 8 No |
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