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Reason for preparing profit and loss …

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Reason for preparing profit and loss suspense account

Posted by Atiya Bano 6 years ago

CBSE > Class 12 > Accountancy

2 answers

Ankit Kumar 6 years ago

If a partner is die on the end of an accounting year then we open P&L A/C but when a partner die in the middle or any date Which is earlier the end of accounting year so, we open P&L Suspens A/C because P&L A/C is prepare on the End of Accounting year

Shivi Shivi 6 years ago

When a businessmen dies his capital and assets are transferred to his spouse; this is done through the Profit and Loss Suspense Account.

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Posted by Srishti Arya 1 year, 2 months ago

CBSE > Class 12 > Accountancy

0 answers

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Posted by Shashank Shukla 1 year, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

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Posted by Palak Kumari 3 months, 3 weeks ago

CBSE > Class 12 > Accountancy

0 answers

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Posted by Palak Sharma 1 year, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

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CBSE > Class 12 > Accountancy

0 answers

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Posted by Tanishk Kabra 1 year, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

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CBSE > Class 12 > Accountancy

0 answers

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CBSE > Class 12 > Accountancy

0 answers

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CBSE > Class 12 > Accountancy

0 answers

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Posted by Munni Lal 1 year, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

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