Profit and Loss Statement

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What is the Profit and Loss Statement? We are working our best to educate our clients. In this post, we would like to explain. The term profit and loss (P&L) statement refers to a financial statement that summarizes the revenues, costs, and expenses incurred during a specified period.

These records provide information about a company’s ability or inability to generate profit by increasing revenue, reducing costs, or both. In addition, The statement is one of three financial statements every public company issues quarterly and annually. The balance sheet, and cash flow statement provide an in-depth look at a company’s financial performance together. On one hand, we are working with many buyers and investors. On the other hand, we are working with many property owners and sellers. That is why we are doing our best to have win-win transactions. Additionally, we are a team of experienced agents in Commercial and Residential. So, please reply if you need our help!

Additionally, It is important to compare income statements from different accounting periods. We are working with many business owners who would like to sell their businesses. This document is one of the first documents that the buyer needs to review. So, if you are the seller, please be prepared for such documents.

BABAK MEHRABI, Real Estate Salesperson

https://www.reco.on.ca/

 

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1 thought on “Profit and Loss Statement”

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