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What is trail balance? what is Profit & loss a/c ? what is
Balance sheet?

Answer Posted / sarat kumar

trail balance is not a books of accounts it is a state ment
showing balances of various ladgera/c taken from
balancesheet.
profit &loss a/c show the net profit at end of financial
year

balance sheet helps the companey to know its financial
condition at end of every accounts year.

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