The profit and loss account
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The profit and loss account

How to recognise, represent and interpret revenues, costs and expenses that comprise the profit and loss account.

Martina Tombolini
Updated May 07, 2021

Do you know how to interpret a company’s profit and loss account, or do you find it a difficult document to understand? What does it mean to develop a company's revenue? In what way are the costs attributable to revenue? What causes a company’s profitability?

In this pill you will learn the importance of analysing a company’s profit and loss account, how to interpret it, and its main components.