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link between balance sheet & p/l Account

  • Writer: Junaid Ali Khan
    Junaid Ali Khan
  • Mar 9, 2020
  • 1 min read

The final profit figure for a business, after deducting any distributions to

owners, is the retained profit. The P&L explains how this retained profit is

earned. The retained profit is then added to reserves in owners’ equity in

the BS


 
 
 

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