Profit and Loss (P&L) Statement Defined | NetSuite
https://www.netsuite.co.uk/portal/uk/resource/articles/accounting/profit-and-loss-statement.shtml
WebJul 7, 2023 · Key Takeaways. A profit and loss statement includes a business’s total revenue, expenses, gains, and losses, arriving at net income for a specific accounting period. Management analyses a P&L to determine how to increase profitability by increasing revenue, lowering costs or both.
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