Profit & Loss Account shows -

the financial performance at a particular date

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the financial position at a particular date

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the financial position for an accounting period

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the financial performance for an accounting period

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Solution

The correct option is D
the financial performance for an accounting period

Profit & Loss Account shows the financial performance for an accounting period

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Similar questions

Q. Profit and Loss Account shows the financial position of the concern.

Is it true that profit and loss account shows the financial position of the enterprise?

______ is prepared to ascertain the financial result of a business operation over a given period of time and ______ shows the financial position of a business at a particular date.

Q. The main purpose of ___________ accounting is to ascertain profit or loss during a specific period and to show financial position of the business.

Q. Write one Word / Term / Phrase for each of the following statement.

A statement showing the financial position of a concern on a particular date.

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Profit & Loss Account shows -

The correct option is D the financial performance for an accounting period Profit & Loss Account shows the financial performance for an accounting period

The correct option is D
the financial performance for an accounting period

Profit & Loss Account shows the financial performance for an accounting period