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What is the difference between P&L account and Balance Income
& Expenditure account ??
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Answer Posted / nancy
Expenditure is the amount of money spent on a weekly or
monthly basis.
income is the financial gain (earned or unearned) over a
given period of time.
a profit and loss account is an account compiled at the end
of an accounting period to show gross and net profit or loss
| Is This Answer Correct ? | 4 Yes | 2 No |
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