A Profit and loss statement shows the operating result of the business or organization. It is published annually and quarterly. That describes the net profit and loss of the organization along with the balance sheet and cash flow statement. Profit and loss statement summarized the direct and indirect expenses along with the receipt of the specific organization during a specified time period. Operating expenses more than the operating income the bottom line is net loss if operating income is more than the expenses than the bottom line result are net profit.
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