What Is a Profit and Loss (P&L) Statement?
Profit and loss (P&L) statement refers to a financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually a quarter or #fiscal year. These records provide information about a company’s ability or inability to generate profit by increasing revenue, reducing costs, or both. P&L statements are often presented on a cash or accrual basis. Company managers and investors use P&L statements to analyze the financial health of a company
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profit and loss account
trading and profit and loss account
trading profit and loss account format
how to prepare profit and loss account
credit balance of profit and loss account
carriage outwards in profit and loss account
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