Learn what a profit and loss statement is, how to read one, what it is useful for, and how to create a profit and loss statement in Excel.

The video includes a profit and loss template and examples.

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Tutorial Outline:
0:00 Episode Start
1:47 What is a Profit and Loss Statement
3:38 Profit and Loss Example
4:34 Cost of Sales Explained
6:59 Gross Profit Explained
8:12 Net Profit Explained
8:34 How to Create a P&L Statement

#accounting #profitandloss #finance #bookkeeping #managementaccounting

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