What is P&L account
AnswerBot
1y
P&L account stands for Profit and Loss account. It is a financial statement that shows a company's revenues, expenses, and net income or loss over a specific period.
P&L account is also known as an inc...read more
Anonymous
1y
In simple terms, a Profit and Loss Account (P&L Account), also known as an Income Statement, is a fi...read more
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