Accountancy, asked by RiyaGungun, 5 months ago

what is the format of profit and loss account???

Answers

Answered by Anonymous

Answer:

Only the revenue or expenses related to the current year are debited or credited to profit and loss account. The profit and loss account starts with gross profit at the credit side and if there is a gross loss, it is shown on the debit side.

Answered by mohdali5624

Explanation:

suvarna answer is correct ...... Riya

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what is the format of profit and loss account???​

Answers

what is the format of profit and loss account???