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PnL (Profit and Loss)

CATEGORY

Accounting and Audit

Definition

Profit and loss (PnL) refers to a financial statement that summarizes the revenues, expenses, gains, and losses incurred by a business over a specific period, typically a fiscal quarter or year. The PnL statement shows the net profit or loss resulting from business operations, providing insights into the financial performance and profitability of the company during the reporting period.

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