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what is the difference betwen p & l a\c and income &
expenditure statement
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Answer Posted / mainak das
the main diffarence between p/l a/c and income and
expenditure a/c is that p/l a/c prepare only for the
profitable concern like company and income expenditure a/c
prepare only for the non profit seeking concern like
charitable institution, club, hospital.
| Is This Answer Correct ? | 13 Yes | 5 No |
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