Question

importance of profit & loss in our day today life

Answer 1

Answer:

The profit & loss account provides information about an enterprise's income and expenses which result in net profit or net loss. It helps a businessman to evaluate the performance of an enterprise and provides a basis for forecasting future performance

Answer 2

Answer:

A really if we go to the importance of profit it comes as to this 1)Profit : 1) The first point of importance in profit is that if very person or anyone thinks about profit so for example : ( you are a merchandiser so you sell fruits so one customer came and ask for apples so 1 Apple costs 5 rupees so that man ha only 3 rupees so if he says that to make the price of th Apple less than loss is going to happen but the merchandiser wants profit so there are advantages as well as disadvantages of it I think you have understood the importance of profit and loss)

Step-by-step explanation:

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