Accountancy, asked by mhb11, 5 months ago

what are the contents of profit and loss account

Answers

Answered by shanthikumari069

Answer:

A profit and loss account will include your credits (which includes turnover and other income ) and deduct your debits (which includes allowance , cost of sales and overheads ) .These are used to find your bottom line figure either your net profit or your net loss.

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