Difference between revisions of "Profit and Loss Statement"
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Latest revision as of 19:03, 11 March 2020
Profit and Loss Statement - (noun)
Definition
This is a financial statement that is a summary of income and expenditure during a specific period, usually a fiscal quarter (three months).
Extra
Source: Adapted from Investopedia
Example of Use: The profit and loss statement gives a good indication of the financial health of the company.