Question

Hi I param gaglani I have a dought that what is profit and loss

Answer 1

Answer:

the gain and loss arising from commercial or other transactions, applied especially to an account or statement of account in bookkeeping showing gains and losses in business

Answer 2

Step-by-step explanation:

assume you have put 100 rupees in any business

and you get more than 100 rupees back, then

it is profit and if you get back less than 100 rupees , then it is loss.