A few days ago
Anonymous

Disregarding the specific topic and being out of context?

,could anyone rephrase what I wrote in a better English or perhaps rewrite with more formal sounding words.

This is what I wrote:

businesses exist for the primary purpose of generating profit, and that profit is generating for a period or during period. The objective of the profit and loss account, it is to measure and inform how much profit the business has generated over a period or report how much business are losing during the same time.

Thanks for all the answers

Top 1 Answers
A few days ago
Vipin A

Favorite Answer

Businesses exist for the primary purpose of generating profit. Profit is generated over a period of time or during a period. The objective of the profit and loss account is to measure and inform how much profit the business has generated over a period or report how much business are losing during the same time.
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