InterviewSolution
Saved Bookmarks
InterviewSolution
| 1. |
What Is A Profit & Loss Account? |
|
Answer» "A PROFIT and LOSS ACCOUNT is an account into which all gains and losses are COLLECTED in order to ascertain the EXCESS of gains over the losses or vice versa". "A Profit and Loss account is an account into which all gains and losses are collected in order to ascertain the excess of gains over the losses or vice versa". |
|