Profit and loss statement shows the mean performance of the company in a given accounting period, but shall not exceed 1 year and to measure the performance of a business that has revenues and expenses in the period, how much, and when income less expenses, net income or the net loss.The income statement is a financial statement that shows the performance of the company, for a period, it might be 3 months or 6 months consist of.Income refers to assets derived from such activities,Cost refers to the cost expenses caused by the sale of goods.Net income refers to income that exceeds the cost of sales.The net loss refers to the portion of income that is lower than the cost of goods sold.Write the equation is as follows:Income-expenses = net income (loss)
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