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In this video tutorial, Dr. Vikas Vijay of the channel Accounts Guru Team discusses the format of the statement of profit and loss account for class twelfth accountancy. This is the first chapter in a series where the format of the balance sheet has already been covered. Dr. Vijay urges viewers to subscribe to the channel for more informative videos. The video includes an important example for board examination preparation, so viewers are encouraged to watch until the end. The statement of profit and loss account starts with recording all transitions for the current year.
