Explain Profitability Statement?

1.	Explain 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