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Mention One Difference Between A P&l Statement And A Balance Sheet? |
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Answer» The BALANCE sheet summarises the financial position of a COMPANY for a specific POINT in time. The P&L (PROFIT and loss) STATEMENT shows revenues and expenses during a set period of time. The balance sheet summarises the financial position of a company for a specific point in time. The P&L (profit and loss) statement shows revenues and expenses during a set period of time. |
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