Which account effect net profit sales , AR , AP ?

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Abdullah Nasereldeen
27-September-2014

Accounting Economics

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Date Posted: 2016/05/18

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1 Answers

Shameer Nazir Madari

by Shameer Nazir Madari , Assistant Finance Manager , METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)

Sales is the Revenue account and it will effect the Profit and Loss account.

AR & AP is Balance Sheet item so it will not effect Profit and Loss account

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