What is a profit and loss statement? - SchoolNGR

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What is a profit and loss statement?

What is a profit and loss statement?

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A A financial statement that shows revenue, Expenses, and profit
B A document that lists all assets and liabilities
C A summary of the company's cash flow
D A record of daily sales trANS#actions
E A report on employee performance

Correct Answer: Option A

Explanation:
A profit and loss statement shows a company's revenue,expenses, and profit.

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