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Explain profit-loss account

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becky733 | (Level 1) eNoter

Posted July 21, 2012 at 3:57 PM via web

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Explain profit-loss account

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udayanga | College Teacher | (Level 1) Salutatorian

Posted September 27, 2012 at 6:12 PM (Answer #1)

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Profit and loss account is a financial statement which shows financial result within a given financial year.It includes revenes,expenses tollay and shows loss or profit in the accounting period.

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