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Prepare a profit and loss account

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(Querist)
24 March 2014 I am finance executive how can I prepare a profit and lossaccount procedure
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 March 2014 by debiting all exp and losses and crediting all income and gain.
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sambasivarao

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sambasivarao (Querist)
24 March 2014 Dear sir,
Thankyou sir,

and I have one doubt sir in profit and loss account have total of sales and total of Indirect expencess is equals.what is the financial position of the company.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 March 2014 it is sales - direct-indirect tax will give u result.

if ans is +ve then profit else loss
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