In the profit and loss account any profit or loss will come. But we called as profit and loss story. Why we doesn't call profit or loss details?
Answers: in this description both income and expenses are consolidated; hence profice and loss account is OK; i suppose
Profits & losses are comes after accounts.So, it is call Profit and loss account.
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Answers: in this description both income and expenses are consolidated; hence profice and loss account is OK; i suppose
Profits & losses are comes after accounts.So, it is call Profit and loss account.
Resolved Questions: