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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 / sumitra.raghavan
bcoz p/l takes into consideration effect of transaction thru
out the accountng period...where as b/s is indiactes position
as at particular date
| Is This Answer Correct ? | 3 Yes | 0 No |
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