Quote:
Originally Posted by TheUniter
Bro i agree with you that there may be technical difference between profit and loss account and income statement but i want to ask whether the examiner would penalize if one follows a format in contrast with the requirement of he question?in other words,if the question requires to prepare income statement but one prepares profit and loss account,would the examiner penalize him?
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in accounting format is the skeleton and carries weight but all depends on the examiner ,the track record of this subject in css speaks for its unpredictable scoring trends but the best thing right now is to relax nd believe in 1 thing which is the remedy for ever wrong "Pray"