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    What Is A Profit and Loss Statement

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    vijay
    The profit and loss (P&L) statement summarizes a company's revenues, costs and expenses over a period of time, usually a quarter or year, and is also known as an income statement. It provides information about a company's ability to generate profit by increasing revenue or reducing costs. The main categories on a P&L include revenue, cost of goods sold, expenses like selling and marketing costs, interest, taxes, and net income.

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    What Is A Profit and Loss Statement

    Uploaded by

    vijay
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    The profit and loss (P&L) statement summarizes a company's revenues, costs and expenses over a period of time, usually a quarter or year, and is also known as an income statement. It provides information about a company's ability to generate profit by increasing revenue or reducing costs. The main categories on a P&L include revenue, cost of goods sold, expenses like selling and marketing costs, interest, taxes, and net income.

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    The profit and loss (P&L) statement summarizes a company's revenues, costs and expenses over a period of time, usually a quarter or year, and is also known as an income statement. It provides information about a company's ability to generate profit by increasing revenue or reducing costs. The main categories on a P&L include revenue, cost of goods sold, expenses like selling and marketing costs, interest, taxes, and net income.

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    What Is A Profit and Loss Statement

    Uploaded by

    vijay
    The profit and loss (P&L) statement summarizes a company's revenues, costs and expenses over a period of time, usually a quarter or year, and is also known as an income statement. It provides information about a company's ability to generate profit by increasing revenue or reducing costs. The main categories on a P&L include revenue, cost of goods sold, expenses like selling and marketing costs, interest, taxes, and net income.

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    What is a Profit and Loss Statement (P&L).

    The profit and loss (P&L) statement is a financial statement that summarizes the
    revenues, costs and expenses incurred during a specified period, usually a fiscal
    quarter or year.

    The P&L statement is Associate with the Income Statement.

    These records provide information about a company's ability or inability to


    generate profit by increasing revenue, reducing costs or both. Some refer to the
    P&L statement as a statement of profit and loss, income statement, statement of
    operations, statement of financial results or income, earnings statement or
    expense statement.

    The main categories that can be found on the P&L include:

     Revenue (or Sales)


     Cost of Goods Sold (or Cost of Sales)
     Selling, General & Administrative (SG&A) Expenses
     Marketing and Advertising
     Technology
     Interest Expense
     Taxes
     Net Income

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