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Profit And Loss (P&L)

Finance and Accounting

A Profit and Loss statement (P&L), also called an income statement, is a financial report summarizing a company's revenues, costs, and expenses over a specific period to show its net profit or loss. Business leaders, finance teams, and P&L-owning managers use it to track financial performance, guide budgeting decisions, and assess the profitability of a business unit or product line.

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