What is PnL?

Profit and Loss stands as the acronym for pnl. The financial document that displays business revenue and expense data during a particular period is referred to as a PnL. The financial performance tracking relies on this statement to reveal profits against losses. The financial statement comprises revenue together with cost of goods sold (COGS) as well as operating expenses and taxes and net income. A company needs its PnL statement for decision-making needs and financial planning activities and to determine its overall well-being during selected time periods.

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