In finance, PNL stands for "Profit and Loss." By the term, it is meant the economic result of business activities during a definite period. pnl statement gives information about a company’s revenue, expenses and net income and whether it has achieved net profit or loss.
PNL statements are get used by financial analysts, accountants, business owners to judge performance and make strategic decisions. Financial gains or losses from financial transactions are referred to as PNL also when they are used in trading or in the context of investing. This knowledge regarding PNL helps businesses or investors determine how to track the performance of the firm and adjust the strategy in order to maximize the profit.
