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_______ helps to find out the profit made on loss sustained in a particular accounting period through transactions and events

April 25, 2022
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_______ helps to find out the profit made on loss sustained in a particular accounting period through transactions and events

Q. _______ helps to find out the profit made on loss sustained in a particular accounting period through transactions and events.

A.            Income statement

B.            Profit and loss account

C.            Trading account

D.            None of the above

Answer: Profit and loss account

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