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Profit and Loss Statement

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Profit and Loss Statement

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What Is A Profit and Loss Statement?

There are multiple ways to prove one’s financial eligibility to a lender. Aside from personal references, a Profit and Loss Statement is the most common supporting document. It is requested any time aparty needs to decide on a loan. A Profit and Loss Statement is a brief summary of the applicant’s financial situation, which illustrates his attitude towards financial obligations.

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