Accounting Software, Prepares 'P&L a/c' and 'Balance Sheet'?
Does such a thing exist? I cant get my accounts to balance exactly in an exam question. Thanks
Other - Business & Finance - 1 Answers
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Answer 1 :
hi bti, i understood your problem. i had also great problem like as you in my school life.but when i started those practical activities comparing with guides books on my owns as well as teacher view i got easy of solving those problems. P/L account is prepared after the preparation of trading account. it shows the total net profit or loss of business. then after preparation of P/L account BALANCE SHEET is prepared which is prepare in the last month of fiscal year. it is final accounting system.
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