How to prepare Profit & Loss Account and Balance Sheet from a Trial Balance
Please send the answer with example its very urgent

Thank u

The Profit and Loss is figured by deducting your Expenses from your Revenues. The difference is called net income and transfers to the balance sheet as retained earnings.

On your adjusted trial balance your permanent accounts transfer to your Balance Sheet (Assets, Liabilities, Owners' Equity accounts).

The other accounts transfer to the Income statement.