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Do you agree with the following statement? Statement of Profit is just like Profit and Loss Account. - Book Keeping and Accountancy

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Question

Do you agree with the following statement? 
Statement of Profit is just like Profit and Loss Account.

Options

  • Agree

  • Disagree

MCQ
True or False

Solution

Statement of Profit is just like Profit and Loss Account.-Disagree.

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Single Entry System
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Chapter 10: Single Entry System - EXERCISE [Page 356]

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Balbharati Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board
Chapter 10 Single Entry System
EXERCISE | Q 5. 5) | Page 356

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