To find out net profit or net loss of the business the account is prep

1.	To find out net profit or net loss of the business the account is prepared
Answer» ANSWER: Statement of profit and loss is prepared to know net profit or net loss. It shows the revenues and expenses of the BUSINESS earned or incurred during the year. The statement helps in understanding the financial POSITION of the business. I HOPE it is HELPFUL to you pls mark me Brainlist

To find out net profit or net loss of the business the account is prepared

Answer»

Statement of profit and loss is prepared to know net profit or net loss. It shows the revenues and expenses of the BUSINESS earned or incurred during the year. The statement helps in understanding the financial POSITION of the business.

I HOPE it is HELPFUL to you

pls mark me Brainlist

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To find out net profit or net loss of the business the account is prepared​

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To find out net profit or net loss of the business the account is prepared