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Why do call p&la/cas a P&l a/c ?, why not P{or}L a/c
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Answer Posted / deepak mistry
at the time of drafting P&L a/c we are not in knowledge
that wheather at the end of accounting year there is loss
or profit with certainity. there may be loss or profit at
the end of A.Y
| Is This Answer Correct ? | 2 Yes | 4 No |
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