Is it true that under the Indian GAAP income statment is called P & L Account and under the IFRS it is called P or L account?
If yes, why it is so?
Thanks,
Anil.
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Query - P & L Account Vs P or L Account
Replies (3)
Anil where u read all this can i know
under IFRS its called statement of comprehensive income
She is correct.. but still there is difference for that try to read the standard
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