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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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