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What are the difference between P/l a/c and income and
expenditure
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Answer Posted / xyz
I&E A/c is prepared by non -TRADING organisations & P&L A/c
is prepared by TRADING organisations. Further, I&E A/c
exhibits SURPLUS or DEFICIT & P&L A/c Exhibits PROFIT\LOSS
| Is This Answer Correct ? | 11 Yes | 0 No |
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