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Need Help on Pnl:?

In its basic format a P&L statement shows revenues or sales for a set period of time (typically a month, quarter or year) from revenues you subtract expenses for the same time period including cost of goods sold and all other expenses, including income tax if appropriate to arrive at net income for the period. In actual practice, there are frequently subtotals that are included on a P&L statement. I would suggest you search income statement or profit and loss statement to see examples.

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