Posting to profit and loss account

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Consultant
24 Points Posted on 29 March 2014

Hi,

 

I am new to accounting and trying to understand how actually we post to P & L Account.Here are my questions?

How  we post Loss to P&L Account?

How we post Profit to P&L Account?

What type of account is P&L Account(Debit or Credit)?

Please explain me P&L Account like Machine account,depreciation...etc.

 

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On 29 March 2014 at 22:27 Report
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Keen to learn something new every moment
2160 Points Posted on 30 March 2014
Dear i think u need to understand first how t journalised and hpw t orecorded in Ledegr and then come to profit and loss account...for this purpose ...purchase a basic book of account or simply download online ...account simple text book which let u...know how it works..
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On 30 March 2014 at 02:41

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