Ask Question
22 July, 11:00

How do we prepare the profit and loss account for partnership

+2
Answers (1)
  1. 22 July, 11:09
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How do we prepare the profit and loss account for partnership ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers