Coz profit and loss account have both entries I mean it have both debit a

Why do call p&la/cas a P&l a/c ?, why not P{or}L a/c

Question Posted / shashidhar.n

Answer Posted / shashidhar.n

Coz profit and loss account have both entries I mean it
have both debit and credit entries that is why we tell like
this.

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