English, asked by psjs1010, 7 months ago

difference between profit 2 loss A/C and Ballance sheet
guys please jaladi batado plz

Answers

Answered by parishmitag53
1

Answer:

The balance sheet reports the assets , liabilities and shareholder equity at a specific point in time , while a P and L statement summaries a company 's revenues , costs and expenses during a specific period of time .. hope it helps..

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