A

Admin • 802.91K Points
Coach

Q. Profit and Loss account shows the:

  • (A) Financial position of the firm
  • (B) Cash position of the firm
  • (C) Operating results of the firm
  • (D) Capital position of the firm
  • Correct Answer - Option(C)
  • Views: 2
  • Filed under category Accounting
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Explanation by: Admin
The P&L account summarizes income and expenses to show profit or loss.

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