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What does p and l mean in the retail industry?

A profit and loss statement is an overview of the fiscal condition of the company.


What is an income statement?

Income statement is financial statement which shows all incomes and expenses for specific fiscal year and net profit or loss for specific fiscal year.


Why is EPS presented on the income statement as opposed to all other financial statement ratios?

Because earning for specific fiscal year is calculated in income statement that's why earning per share for specific fiscal year is also presented in income statement.


What period of time is the income statement?

Income statement can be made for any period of time but normally it is one fiscal year and all expenses and incomes related to that fiscal period is shown.


What goes on a income statement?

income statement includes expenses and incomes related to that specific single fiscal year for which that income statement is prepared. It is to clarify that only income and expenses related to that specific period is included and not for any other fiscal year.


What does the Income Statement measure?

Income statement measures the amount of net profit or net loss related to specific fiscal year of business.


What does fiscal mean?

Fiscal usually relates to matters of financial stature. Fiscal could also relate to taxes and government issues. The use of the word fiscal can be combined in conjunction with fiscal cliff, fiscal year, fiscal deficit, fiscal policy and fiscal parish.


Is the cash on the year end financial statement calculated by the bank statement balance or on actual cash in the bank on the last day of the fiscal year?

Balance Statement


Which policy relates to this statement Some states do not have an individual income tax?

Fiscal Policy


What does FY mean?

fiscal year


What does la fisca mean?

The fiscal


Does -fy mean?

fiscal year

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