Profit and loss (P&L) statements are financial statements that summarise revenue, expenses, and spending for a specific time period, typically a fiscal quarter or year." A profit and loss statement/account is prepared for two primary reasons: determining how much money a company makes or loses, and meeting statutory requirements (Companies Act, Partnership Act or any other law). Download this PowerPoint presentation to learn more about the subject.

Aparika Sharma

106 resources

2

56

1

Like