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

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CBSE/Class 11/Commerce/Accountancy Tuition/Class XI-XII Tuition (PUC)

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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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No.1 in Accounts coaching

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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Highly Professional and Exclusive Faculty for Account for 5 years, currently pursuing CS

Income statement
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