Economy, asked by Anoushkanath1905, 11 months ago

Define Profit And Loss Account

Answers

Answered by kpsnirwan

3

Answer:

when ever we gain some amount by selling things it is profit and when ever we loss some it's loss

Answered by kashifsiddiqui22634

1

Answer:dr:expenses

cr:gains

Explanation:

all the expenses and lisses will be debited and all theprofits and gainswill be credited

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