Question

The report of company that shows
overall profit on the sale of their
goods or the provision of their
services
*​

Answer 1

Answer:

Trading and profit and loss account

and

income statement

Answer 2

TRADING , PROFIT AND LOSS ACCOUNT AND INCOME STATEMENT

The report of company that shows overall profit on the sale of their goods or the provision of their services are the trading profit and loss account as well as the income statement.

GETTING TO KNOW MORE ABOUT PROFIT AND LOSS ACCOUNT AND INCOME STATEMENT:

*The profit and loss statement is a financial statement that outlines the revenues, expenditures, and expenses incurred during a certain period of time.

* The profit and loss statement, together with the balance sheet and cash flow statement, is one of three financial statements that every public business releases quarterly and yearly.

* An income statement aids business owners in determining if they can make money by growing sales, cutting expenditures, or doing both. It also demonstrates the efficacy of the company's plans at the start of a fiscal year.

*  This document may be used by business owners to determine whether or not their tactics were successful. They can come up with the greatest strategies for increasing profits based on their study.