A business's statement of profits is often termed its earnings and reduction assertion (P&L). It lists revenues, fees, and Web gain for the period coated. There are typically quarterly and annual P&Ls, but some organizations may publish month-to-month P&Ls. A earnings and reduction (P&L) statement is amongst the 3 varieties https://www.youtube.com/watch?v=HWYVaQA8oTQ