Question on: SS2 Accounting - The Profit And Loss Account of Partnership
What is the profit and loss account of a partnership?Â
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A
A financial statement that shows the financial performance of a partnership over a particular period.Â
B
A statement of the assets and liabilities of a partnership.Â
C
A statement that shows the distribution of profits among partners.Â
D
A statement that shows the amount of tax payable by a partnership.
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Correct Option: A
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