A Profit & Loss Account review is a fundamental tool for understanding the business health of a firm. By scrutinizing the sales, deductions, and earnings over a specific duration, analysts can uncover trends and insights that shed light on the company's viability. A thorough review of a Profit & Loss Report can help companies make informed actions

A Profit and Loss statement, also known as a P&L, is a crucial financial report that outlines your company's earnings and costs over a specific period. By analyzing your P&L, you can assess your net profit, which represents the gap between your sales and costs incurred. A positive net profit indicates that your business is profitable, while a negat