How do get company's Profit and Loss account

Question

Accepted Answer

The Profit and Loss account can be obtained by analyzing the company's financial statements.

The Profit and Loss account is prepared by analyzing the company's income statement.
It shows the company's revenues, expenses, and net profit or loss for a specific period.
To obtain the Profit and Loss account, one needs to gather financial data such as sales, cost of goods sold, operating expenses, and other income or expenses.
These data are then organized and presented in a structured format to calculate the net profit or loss.
The Profit and Loss account helps in assessing the company's financial performance and profitability.

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