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Stolb23 [73]
2 years ago
5

True or false with reason :- profit and loss account is a real account​

Computers and Technology
1 answer:
frosja888 [35]2 years ago
5 0

Answer:

False

Explanation:

Account of expenses, losses, gains, and incomes is called the Nominal account. Profit and Loss Account contains all indirect expenses and indirect incomes of the firm. Therefore, Profit and Loss Account is a Nominal Account and not a real account.

:)

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