Question

differentiate between profit and loss.....​

Answer 1

Answer:

A Profit and Loss Account presents the result of the undertaking at a particular date. The difference in Profit and Loss Account represents net profit or net loss. 6. The left hand side of Profit and Loss Account is the Expenditure side and the right hand side is the Income side.

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Answer 2

Explanation:

the the profit and loss account presents the results of the undertaking of a particular date the difference in profit and loss account presents net profit or net loss the left-hand side of profit and loss account in the expenditure side and the right hand side is the income side

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