Home » Classroom » SS1 Accounting Determination of Net Profit And Loss Question

What is the purpose of calculating net profit o... - SS1 Accounting Determination of Net Profit And Loss Question

What is the purpose of calculating net profit or loss in a profit and loss account?

The purpose of calculating net profit or loss is to determine the financial performance of a business over a specific period of time and to make informed decisions about future investments and strategies.

Please share this, thanks:

Add your answer

Notice: Posting irresponsibily can get your account banned!

No responses