Why when company accounts are prepared is there a profit and loss statement plus a balance sheet? Why could you not either combine the two or just use one of them to
![Difference Between Balance Sheet and Profit & Loss Account (with Comparison Chart) - Key Differences Difference Between Balance Sheet and Profit & Loss Account (with Comparison Chart) - Key Differences](https://keydifferences.com/wp-content/uploads/2015/01/profit-and-loss-account.jpg)
Difference Between Balance Sheet and Profit & Loss Account (with Comparison Chart) - Key Differences
Prepare a Trading, Profit & Loss Account and Balance Sheet of M/s Jindal Enterprises for the year ended 31st March, - Sarthaks eConnect | Largest Online Education Community
Prepare the trading and profit and loss account of M/s.Roni Plastic Ltd. from the following trial balance and a balance sheet as at March 31,2006. - Sarthaks eConnect | Largest Online Education
![Profit and Loss Account: Meaning, Format and General instructions for preparation of Profit and Loss Account - GeeksforGeeks Profit and Loss Account: Meaning, Format and General instructions for preparation of Profit and Loss Account - GeeksforGeeks](https://media.geeksforgeeks.org/wp-content/uploads/20221111164639/FinancialStatementofaCompanyProfitandLossAccount1.png)
Profit and Loss Account: Meaning, Format and General instructions for preparation of Profit and Loss Account - GeeksforGeeks
Accounting Nest | Prepare a trading and profit and loss account for the year ended 31st/12/2018 and a balance sheet
![Plus One Accountancy Notes Chapter 8 Financial Statements - I & Financial Statements - II - A Plus Topper Plus One Accountancy Notes Chapter 8 Financial Statements - I & Financial Statements - II - A Plus Topper](https://www.aplustopper.com/wp-content/uploads/2019/07/Plus-One-Accountancy-Notes-Chapter-8-Financial-Statements-I-Financial-Statements-II-1.png)
Plus One Accountancy Notes Chapter 8 Financial Statements - I & Financial Statements - II - A Plus Topper
![Difference Between Balance Sheet and Profit & Loss Account (with Comparison Chart) - Key Differences Difference Between Balance Sheet and Profit & Loss Account (with Comparison Chart) - Key Differences](https://keydifferences.com/wp-content/uploads/2015/01/balance-sheet-vs-profit-and-loss-account.png)