Profit & Loss Statement of a Company

Profit and Loss Account Statement (P&L Statement): 1. Profit = Sales - Costs 2. So, you basically have two entities: Sales and Costs.    The other names used to refer to Sales are: Fees, Income, Sales, Revenue, and Turnover.    The other names used to refer to Costs are: Expenditure. 3. Classification of Costs or …

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