What is Profit and Loss ?

Question

Accepted Answer

Profit and Loss is a financial statement that shows the revenue, expenses, and net income or loss of a business.

Profit is the amount of money a business earns after deducting all expenses.
Loss is the amount of money a business loses when expenses exceed revenue.
Profit and Loss statement is also known as Income Statement.
It helps businesses to analyze their financial performance and make informed decisions.
Example: If a business earns $10,000 in revenue and incurs $8,000 in expenses, the profit would be $2,000.
Example: If a business earns $5,000 in revenue and incurs $7,000 in expenses, the loss would be $2,000.

Accepted Answer

the average profit on winning trades divided by the average loss on losing trades over a specified time period

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