What is a Profit and loss account in finance?
A profit and loss account shows the money a business has earned from selling goods and
services, less the money spent on goods, services and overheads.
<START_INST>What is a Profit and loss account in finance?<END_INST><START_CTX><END_CTX><START_A>A profit and loss account shows the money a business has earned from selling goods and
services, less the money spent on goods, services and overheads.<END_A>