Which statement is prepared for only one date?

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asked May 16, 2024 147k views

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Denis Makarenko · Answer 1 · 2024-05-20T15:15:12+0000

Answer:

The Balance Sheet is prepared at a particular date usually the end of the financial year, while the Profit and Loss account is prepared for a particular period.

Which statement is prepared for only one date?

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