Income Statement || Profit or Loss Statement as per NFRS || BBS 1st year Class 12 || NEB

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This is the second video from the 12th chapter (unit) “Basic Financial Statement” of BBS 1st year Accountancy syllabus. It is equally important to Class 12 students studying Account under NEB. Here, we have explained the format of Income Statement or Profit or Loss Statement under NFRS (Nepal Financial reporting Standards). We have gone through in depth analysis of the components mentioned inside the profit or loss statements.

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