Question

To find out neat profit or neat loss of the Business........A/c is prepaired​

Answer 1

Answer:

To find the net profit or net loss of the business profit and loss account is prepared.

Answer 2

Answer:

To find the net profit or net loss of the business profit and loss account is prepared. Explanation: For the preparation of the balance sheet net profit or loss is important for calculating profit or loss of the account. Profit and loss account are prepared after the trading account.

Explanation:

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