Question

Information about former profit and losses

Answer 1

condition of profit when the crops grow well perfectly and solded on price

loss when the crops get damaged

Answer 2

The profit and loss statement has been covered under right statement that lists your sales and expenses.

It legally denotes changes that is recovered as per on monthly basis.

It also considers for yearly basis and thus it tells real profit in making or losing values.

This should determine in past financial performance of the enterprise.