The ____________ account highlights the profit earned or loss sustained by the business entity in the course of business operation during a given period.

Profit and loss

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Balance sheet

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Trial balance

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Income and expenditure

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Solution

The correct option is C Profit and loss
A profit and loss statement (P&L), also known as an income statement, is a financial report that shows a company's revenues and expenses over a given period of time, usually a fiscal quarter or year.

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The ____________ account highlights the profit earned or loss sustained by the business entity in the course of business operation during a given period.

The correct option is C Profit and lossA profit and loss statement (P&L), also known as an income statement, is a financial report that shows a company's revenues and expenses over a given period of time, usually a fiscal quarter or year.

The correct option is C Profit and loss
A profit and loss statement (P&L), also known as an income statement, is a financial report that shows a company's revenues and expenses over a given period of time, usually a fiscal quarter or year.