Question

P&L statement is also known as? 

A Statement of earnings Correct Answer Incorrect Answer
B Statement of balance sheet Correct Answer Incorrect Answer
C Statement of operations Correct Answer Incorrect Answer
D Statement of income Correct Answer Incorrect Answer

Solution

A profit and loss statement (P&L), also known as an  income statement , is a financial report that shows a company's revenues and expenses over a given period of time, usually a fiscal quarter or year.

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