IN PROFIT AND LOSS ACCOUNT WE MAY EITHER GET PROFIT OR
LOSS.SO WHY IT IS PROFIT AND LOSS ACCOUNT INSTEAD OF PROFIT
OR LOSS ACCOUNT ?
Answer Posted / ravi
p&l a/c involves combination of both profit and loss
items, so it is called p&l a/c
Is This Answer Correct ? | 1 Yes | 3 No |
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