Accountancy, asked by garimachourasiya0, 2 months ago

which type of accounting information shows profit earned or a loss incurred?

Answers

Answered by jyotishitrishu

2

Explanation:

Profit and Loss Account (in case of firms) and Statement of Profit and Loss (in case of Companies) shows profit earned or loss incurred during the accounting period.

Answered by speechlessmirror85

1

Answer:

Profit and Loss Account (in case of firms) and Statement of Profit and Loss (in case of Companies) shows profit earned or loss incurred during the accounting period.

Explanation:

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