what is the difference between Balance sheet and Profit and Loss account?

PranavKumar92

June 11, 2017, 4:58 p.m.

Answers!

mahipat chavda

June 11, 2017, 8:37 p.m.

P&LA/C SHOWS income & expenditure of companies or any firm and balance sheet shows asset & liabilities of company or reserve & surplus.

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