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Answer Posted / mohd abdul qader
P&L account is an account which is prepared for whole year
or for a given period where as Balancesheet is Prepared for
a given date.
P&l Account take account of Revenue items where as Balance
sheet is for capital item, only revenue account in balance
sheet is the balance from P&l account.
| Is This Answer Correct ? | 37 Yes | 9 No |
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