This is the net profit for a company once expenses have been taken out.
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Profit and Loss Account.
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The profit and loss account, and 2. The balance sheet. 1.The profit and loss (P&L) account. This account can be updated regularly and shows how much profit or ...
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Dec 31, 1998 ... Profit and Loss Account - Notes - Business Accounts - Accounting and Finance - Business Studies. Looks at the construction of the profit and ...
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A "profit and loss account" is simply an accounting term for the story of your business's trading during a given period of time. It shows your business's income ...