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why at the top of P/L a/c we write for the year ending and at the
top of balance sheet we write as on or year ended.
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Answer Posted / murali
P & L Prepared for the particular Year. In these Period all
transactions related to Revenue income & Revenue
expenditure recording in to P&L ( i.e. Short Trem)
but in balnce sheet it is cumulataively transfer to the
next year. so P&L show for the yra and b.sheet shows Year
ended.
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