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Profit & loss account

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(Querist)
01 April 2013 sir,
why it is called P & L Account we can call it as Profit or loss account.
Thank you
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Sandip R Lathiya

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Sandip R Lathiya (Expert)
02 April 2013 P & l a/c. Include profit & loss for non trading as well as trading but p or l include only profit or loss for trading
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nijil

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nijil (Querist)
04 April 2013 Sir,
I'm not comfortable with your answer, some other reason may be there. Thanks for your reply.
Thank You




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