Question

Pls is motor vehicle (at cost ) treated in profit and loss account

Answer 1

A profit and loss account shows a company's revenue and expenses over a particular period of time, typically either one month or consolidated months over a year. These figures show whether your business has made a profit or a loss over that time period. If that is the case, then your business has made a profit.

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Answer 2

Explanation:

PROFIT AND LOSS SHOWS a company renvue and express over a particular period of time.

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