Here I have explained Profit and Loss Account in detail about its format and I have also solved a practical example.

This chapter is also called as Final Accounts.

After watching this video you will be crystal clear with Profit & Loss A/c.

⏱TIMESTAMPS
00:00 - Concept
02:33 - Format
07:15 - Operating Profit
12:30 - Trick
13:09 - Detailed Format
16:33 - Closing Entries
20:39 - Practical Example

This video is especially for Class 11 students.

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