What is P&L? Give a brief explanation.

Question

Accepted Answer

P&L stands for Profit and Loss. It is a financial statement that shows a company's revenues, expenses, and net income or loss over a specific period.

P&L is used to determine a company's financial health and performance.
It shows the revenue earned by the company, the expenses incurred, and the resulting profit or loss.
P&L is usually prepared on a monthly, quarterly, or annual basis.
It helps in making important business decisions and setting financial goals.
For example, if a company's P&L shows a consistent loss, it may need to cut expenses or increase revenue to improve its financial position.

Accepted Answer

PNL stands for Earning before interest tax depreciation and amortization.
PnL is financial data which gives you operating results of specific period of time of your business.

Professional and investors using this method to check how much money they are making from their business.

What is P&L? Give a brief explanation.

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