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Answer Posted / m.s.s.v.sri kumar
Profit and loss A/c is a Nominal account. it discloses net
operational results (Profit and loss) for a particular
period will be displayed.
Balance sheet is not an account, but it will be prepared
with the help of real and personal accounts balances on a
specified date.
| Is This Answer Correct ? | 103 Yes | 15 No |
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