Why is it not shown in p and l a/c?
But depreciation is shown in shown.... need a proper explanation pls
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gettingbored:
you will not get the answer for this here definitely
better you clarify it with your teacher
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hey mate depreciation is an adjustment that is made every year and it is always loss so, it is mentioned in p&l acc.
so as far as accrued income is considered, it is an adjustment that's made only when income accrues so adjustment can arise anytime if it is adjusted in trial balance then it's not a profit or loss and trial balance agrees. so, it is not entered in p&l
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