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