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Business Term You'll Need to Know: P&L 📈📉 What does P&L mean? Profit and Loss is a financial statement that summarizes revenue, costs, and expenses incurred in a year or extended time period. The P&L statement is a crucial tool for businesses to assess their financial health and make informed decisions. Elements like revenue, cost of goods sold (COGS), operating expenses, and net income are typically included in a P&L statement! #business #businessterms #businesstip #businessowner #corporate #
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