What is profit and loss account? Explain.
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i think u shuld search on you tube or google
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Answer:A profit and loss account (also known as P&L) is one of two main statements (the other is the balance sheet) that is prepared to measure the performance and position for a business for a period of time – ie a month, quarter or year. The following video uses practical, true-to-life examples to guide you through profit and loss in a business setting, explaining how it is used and what the benefits might be
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