A profit and loss statement is a financial statement that summarizes revenue, expenses, and costs for a given time period. A profit and loss statement is one of three major financial statements that a business issues on a regular basis (the other two are a balance sheet and cash flow statement). A profit and loss (P&L) statement provides information about an organization’s ability to generate profit by increasing revenue, decreasing costs, analyzing research and development (R&D) expenditures, and other methods. A profit and loss statement should not be confused with the profit and loss metric that may be displayed on exchange platforms to evaluate investment performance.
A Home for All Things DeFi