statement of profit and loss shows the comparison of the total income earned and expenses incurred during two or more accounting periods.

Comparative

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Financial

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Deviating

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Balancing

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Solution

The correct option is A Comparative
Comparative statement of profit and loss is a statement which shows the comparison of the total income earned and expenses incurred during two or more accounting periods.

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It is a statement which shows the comparison of the total income earned and expenses incurred during two or more accounting periods.

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