Did you like how we did? Rate your experience!

4.5

satisfied

46 votes

What is profit and loss reconciliation statement?

There is no such thing. Im afraid your terminology is in error. There is something called an Income Statement, which is also known as a P&L (stands for profit and loss). There is something called a reconciliation, which represents an accounting between the difference in two numbers. Most often, youll hear the term bank reconciliation in accounting, which accounts for the difference between a book balance and bank balance. But profit and loss reconciliation statement? No, Im afraid not.