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difference Between P&L A/c and Balance Sheet?

Answer Posted / deepak n. kolekar

The P & L A/c is presenting performance of the management
which is episodes in the financial years on the regularly
basis or incidentally basis. The Balance Sheet is the
statement representing financial position of the
organization for stakeholders, stockholders, investors,
employees and last but not in the list the civic.

Is This Answer Correct ?    16 Yes 8 No



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