What is p&l management?

Question: What is p&l management?

Profit on loss management means, the profit on money received on any item is called profit and if there is loss on money on any item, it is called loss. Profit and loss can be understood in such a way that the amount of sales a company has made in 1 year, how much profit or loss is it making. By deducting excess tax, if he is benefiting by deducting tax etc., then he is profit and if he is making loss instead of profit, then it is called loss, and we call its criterion as management.