What is the full form of "P&L"?
A. Planning and Leaving
B. Promoting and Liquidity
C. Premium and Liability
D. Profit and Loss
Answer: Option D
Solution (By Examveda Team)
The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement.This Question Belongs to Abbreviations >> Finance Abbreviations
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