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expeople1 [14]
3 years ago
13

How do we prepare the profit and loss account for partnership

Business
1 answer:
jeka943 years ago
5 0

Answer:

It includes the balance of stocks at the start and end of the year. The main purpose of this account is to determine Gross Profit which is difference between the revenue from trading and the cost of sales. The purpose of the profit and loss account is to.

Explanation:

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