Accountancy, asked by shyamkohli5972, 11 months ago

Why Are Profit And Loss Accounts Prepared?

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Answered by aparnahvijay

0

Answer:

Explanation:

Why are Profit and Loss Accounts prepared? - Profit and Loss Account is a period statement which is prepared to show the profit or loss incurred by the Organization in the year for which it is prepared. It is prepared to disclose the result of operations of all the business transactions during a given period of time.

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