Question

What is profit? And what is loss?​

Answer 1

Answer:

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually a fiscal quarter or year. ... These records provide information about a company's ability or inability to generate profit by increasing revenue, reducing costs, or both. ok follow me ✌️ samile

Answer 2

Answer:

Profit

Step-by-step explanation:

Profit:- profit is a statement thing you can gain maximum price

Loss:- Loss is a thing which can buy another person his thing to some less amount so your loss

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