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Question
True and fair profit or loss of a company can be known by  _________.
Options:
A .  Preparing trial balance
B .  Preparing respective ledger of account
C .  Preparing trading a/c
D .  Preparing trading & profit or loss a/c
Answer: Option D
:
D
True and fair profit or loss of a company can be known by preparing trading & profit or loss a/c.

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