Profit and loss is the fundamental idea driving any business. It indicates the financial outcome of a firm over a specific period. When revenues exceed expenses, a profit occurs, signaling a successful operation. Conversely, when expenses outstrip revenues, a loss emerges, indicating an detrimental financial status. Examining profit and loss repo

Profit and loss represents the fundamental idea driving any business. It refers the financial outcome of a firm over a defined period. When revenues exceed expenses, a profit is generated, signaling a profitable operation. Conversely, when expenses surpass revenues, a loss arises, indicating an detrimental financial status. Examining profit and l

Profit and loss represents the fundamental principle driving any organization. It refers the financial performance of a company over a particular period. When revenues overcome expenses, a profit results, signaling a successful operation. Conversely, when expenses outstrip revenues, a loss develops, indicating an detrimental financial position. E