We may get profit or loss from business. If so we can name
the statement as Profit or Loss account. But since a long
time we are naming it as Profit and Loss account. Why?
Answer / guest
we write profit and loss because to calculate profit we
need to findout both profit and loss then only we will be
able to come at one conclusion that the business is in
profit or loss
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Company ABC split 1:3 on March 31, 2009 and split 3:1 on March 31, 2008. Date Close Price # of Shares Revised Closed Price Revised # of Shares June 15, 2009 $75.00 3000 $75.00 April 23, 2009 $72.00 2300 $72.00 March 31, 2009 $67.00 999 $ March 31, 2008 $275.00 300 $91.66 November 30, 2007 $233.00 6800 $77.66 October 6, 2006 $1,333.00 13000 $444.33
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