The profit and Loss (P&L) statement is also known as

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The profit and Loss (P&L) statement is also known as the statement of income. Financial statements are tools that provide consistency between businesses, no matter what services they provide. Statement of comprehensive income: also referred to as profit and loss statement (P&L), it is a report on an institution's income, expenses, and profits over a period of time.

The profit and Loss (P&L) statement is also known as

statement of operations

statement of income

statement of earnings

all of the above

The correct answer is `No. 2: statement of income`

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The profit and Loss (P&L) statement is also known as

statement of operations

statement of income

statement of earnings

all of the above

The correct answer is No. 2: statement of income

The correct answer is `No. 2: statement of income`