Accountancy, asked by gowdagowrish2003, 10 months ago

Credit balance of profit and loss account

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Answered by NishaHalder
2

Answer:

Hope's it will help u.....

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Answered by Anonymous
1

all the expenses are recorded on debit side where as all the incomes are recorded on credit side when the credit side is more than the debit side adonit profit. hence , credit balance of profit and loss

account it is profit.

Høpe it will Help uh!!....

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