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The Profit and Loss Account shows the:

/ Accounting MCQs / Q&A / By
The Profit and Loss Account shows the:

A. Financial results of the concern for a period
B. Financial position of the concern on a particular date
C. Financial results of the concern on a particular date
D. Cost of goods sold during the period

A profit and Loss Account is prepared for the period ending which shows the financial or
operating results of the concern for a period.