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What is PNL when used in accounting?

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    45418026
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    In finance, pn I meaning stands for „Profit and Loss.” Business activities over a specific period can be described by the term that refers to how the revenues and expenses associated have turned out for during a specific period. It is a PNL statement which show whether a company is profitable or not by giving the figures of a company’s revenue, expenses, and net income. This PNL statement is being used by financial analysts, accountants, and businesses owners to evaluate their performance and make the strategic choices. PNL also stands for gains or losses in retracting trading and investment. PNL helps businesses and investors to understand when and how to adjust businesses or investors strategies to reach profitability.

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