B/S means financial position of company till date, and P&L means profit for the year..

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B/S stands for Balance Sheet, which represents the financial position of a company at a specific point in time. P&L stands for Profit and Loss statement, which shows the financial performance of a company over a specific period.

Balance Sheet (B/S) provides a snapshot of a company's assets, liabilities, and shareholders' equity at a given date.
It helps in assessing the financial health, liquidity, and solvency of a company.
B/S includes items such as cash, accounts receivable, inventory, long-term debt, and equity.
Profit and Loss (P&L) statement summarizes the revenues, expenses, and net income of a company over a specific period.
It shows the company's ability to generate profits and manage expenses.
P&L includes items such as sales revenue, cost of goods sold, operating expenses, and net income.
Both B/S and P&L are essential financial statements used by investors, creditors, and analysts to evaluate a company's financial performance and make informed decisions.

B/S means financial position of company till date, and P&L means profit for the year..

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B/S means financial position of company till date, and P&amp;L means profit for the year..

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B/S means financial position of company till date, and P&L means profit for the year..