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What is the difference between P/L A/c and Balance sheet?
When an adjustment account is prepared?
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Answer Posted / suhasini modagi
P and L a/c is prepared to know the exp and income of the
particular yr.
where as B/s is prepared to know the financial condition or
position of the company.
B/s is follow up of p/l a/c.
| Is This Answer Correct ? | 27 Yes | 2 No |
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