link between balance sheet & p/l AccountJunaid Ali KhanMar 9, 20201 min readThe final profit figure for a business, after deducting any distributions toowners, is the retained profit. The P&L explains how this retained profit isearned. The retained profit is then added to reserves in owners’ equity inthe BS
The final profit figure for a business, after deducting any distributions toowners, is the retained profit. The P&L explains how this retained profit isearned. The retained profit is then added to reserves in owners’ equity inthe BS
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