Which statement is prepared to know the profitability of the business?

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Abhinav Anand

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Profitability of a business entity can be estimated through trading p&l account. Where trading account states the gross profit and p&l account states the net profit earned by the entity.
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Income statement i.e. trading a/c & profit & loss a/c
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Income statement i.e trading and profit n loss account is the only statement which shows 'profitability' for a given period of time.
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Profit and loss account
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Profit and loss account
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Profit and loss account
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Trading and profit and loss account
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Income statement
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Yes, the interest rest must be 9% to achieve the correct answer,. May be a typing mistake.
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