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TI LIU T HC TING ANH LP 10 Thi gian :19/3 n 28/3/2020UNIT 11: NATIONAL PARK EXERCISES TEST 1 PART I: LISTENING Task 1: Listen and decide whether the following sentences are true (T) or false (F).
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P N LCH S refers to the Profit and Loss Account that is used to summarize the revenues, costs, and expenses incurred during a specific period of time.
Businesses, corporations, and any entities that are required to report their financial performance to tax authorities or regulatory bodies must file P N LCH S.
To fill out P N LCH S, you need to input revenue, deduct expenses, and list any other financial transactions relevant to the reporting period.
The purpose of P N LCH S is to provide a clear financial picture of a business's performance over a specific period, helping stakeholders understand profitability and operational efficiency.
The information that must be reported includes total revenues, cost of goods sold, gross profit, operating expenses, and net income, along with any relevant notes.
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