Accountancy, asked by simranjaiswar56, 3 months ago

Advantage o f profit and loss

Answers

Answered by rajyadav2659
2

Answer:

Profit and loss account gives the actual information about net profit or net loss of the business for an accounting period. So, it is very useful to know the financial condition of the firm. Profit and loss account gives the actual information about indirect expenses

Answered by monupurigtkp
0

Answer:

if profit than money or happiness and if loss we learn how to profit

Explanation:

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