What is profit&loss account? Profit&loss account(p&l) statment is a Financial Statment that summaries the costs and expenses incurred during a specified period usually or year.
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A profit and loss account is a financial statement that summarizes the costs and expenses incurred during a specified period.
It shows the revenues earned and the expenses incurred by a company.
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Explain about accounts payable?
Account payable is nothing but money which a company need to pay vendors for goods and service purchased on
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