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What is a P&L statement?What is a P&L statement?

What is a P and L statement?

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What is a P and L statement?

The AP&L statement, also known as the profit and loss statement, is a financial report that summarizes the revenues, costs, and expenses incurred in a fiscal quarter or year. This report is particularly useful because it reflects the financial position and profitability of a business.

To learn more about the P and L statement, see our  Profit and Loss Statement  Glossary entry.

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