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Diffentiate between income and expenditure A/c …

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Diffentiate between income and expenditure A/c and profit and loss a/c

Posted by Prabhjot Bhatia 3 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 3 years, 5 months ago

Income and expenditure account is prepared by not -for profit organisation whose aim is not to earn money. Profit and loss account is prepared by business whose aim is to earn money. Profit and loss account is prepared on the basis of trial balance and some other information.

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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