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Why do call p&la/cas a P&l a/c ?, why not P{or}L a/c

Answer Posted / kiran kumar

In Profit and loss a/c, Both we get profit and Loss
Simultaneously in the credit and Debit side of the
respective A/c, As exactly we dont konow the final result
of a concern.

Is This Answer Correct ?    2 Yes 3 No



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