Profit and loss sheet template contains all details about earnings and expenses of business in details. It also has the details of date, day and total data of relevant department. Profit and loss sheet plays important role in the verification process and in the process of audit. Serial numbers of sheets tell about the total number of sheets in specific time duration. It is a written proof and evidence of profit and loss. Customers or auditor can claim in case of any issue on the basis of this sheet. These receipts also very helpful in future. In case of cancellation of business contract or partnership deed these receipts are compulsory at that time.
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