What is Profit & Loss statement?
A Profit and Loss
(P&L) Statement is a financial report that shows profits or losses from buying and selling securities. It
contains detail of Brokerage, taxes and other charges and how much you earned
or lost in that period. It helps measure how well a trading account has
performed financially.
This statement summarizes income earned and
expenses incurred during a given period (daily, monthly, quarterly, or
annually) to indicate whether there is a net profit or net loss.
To assess financial
performance during a period
To track profitability trends over
time
To support tax filing and compliance
To assist
in decision-making and investment analysis