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What is the difference between P/L A/c and Balance sheet?
When an adjustment account is prepared?
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Answer Posted / raja
P/L account shows net profit or loss to a concern but
balance sheet shows financial poistion of a concern when
rectification errors entry is passed adjustment account is
passed
| Is This Answer Correct ? | 3 Yes | 1 No |
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Dear All, myself B.k Singh graduate with B.Com and PGDBM - Finance, I was worked with Service Company for 6 yrs.Now past 2yrs working with Real Estate,moreover I want to some course short term, plz guide me.
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