Math, asked by nainababy, 2 months ago

Profit and loss Account Format

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Answered by Anonymous

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Answered by Anonymous

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HIYA but idk what that is im sowwy...

Profit and loss account is made to ascertain annual profit or loss of business. Only indirect expenses are shown in this account. All the items of revenue and expenses whether cash or non-cash are considered in this account. Understand the concept of Trading Account here in detail.

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