Question

what is profit nd loss account​

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.

Hope this will help you.

Priyanka Dalvi here.

Answer 2

Explanation:

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