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Answer Posted / sanjeevagandhi
The difference Between P&L Vs B/S
1.P&L is financial Performance,B/S is the financial position.
2.P&L is prepared revenue and expenses resulted in
profit/Loss.Balance is prepared assets and liablities.
3.P&L Prepared for the accounting period monthly or three
months but balance sheet prepared particular period i.e
yearly once.end of the year.
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