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Define Profit or Loss Analysis

Profit or Loss (P&L) Analysis: A financial statement which summarizes the revenues, costs and expenses acquired during a particular period of time - in general a fiscal quarter or year. Such records give information which exhibits the capability of a company to produce gain by rising revenue and dropping costs. The P&L statement is as well termed as a "statement of profit and loss", an "income statement" or an "income and expenditure statement".

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