Define Profitability Statement?

1.	Define Profitability Statement?
Answer» Profitability Statement ALSO known as PROFIT and Loss Account. It is a period statement as it refers to a PARTICULAR period. Profitability Statement also known as Profit and Loss Account. It is a period statement as it refers to a particular period.

Answer»

Profitability Statement ALSO known as PROFIT and Loss Account. It is a period statement as it refers to a PARTICULAR period.

Profitability Statement also known as Profit and Loss Account. It is a period statement as it refers to a particular period.

Discussion