'Statement of Profit and Loss' give an idea about the profit and loss of a ..............  of a company.

Specified period

The correct answer is option 1- Specified period.

Statement of Profit and Loss discloses the profit/loss for a specified period. It does not give an idea about the earning capacity over time similarly, the financial position reflected in the balance sheet is true at that point of time, the likely change on a future date is not depicted.