Whats the difference between profit and loss?

Sure, here's the difference between profit and loss:

Profit:

• A financial gain that a company or individual earns after taking on a risk or investing in an asset.
• It is the difference between the revenue generated and the cost of goods sold or services provided.
• Profits are typically reported on a company's income statement.

Loss:

• A financial loss that a company or individual incurs after taking on a risk or investing in an asset.
• It is the difference between the revenue generated and the cost of goods sold or services provided.
• Losses are typically reported on a company's income statement.