What could be the reason for a profit and loss report to appear incorrect?

The Profit and Loss report may show inaccuracies in the following situations:

Corporate Actions: Changes resulting from corporate actions such as Bonus, Splits, Rights issue, Merger, Spin-Offs, Buyback, etc., can impact the accuracy of the P&L.

Incorrect Quantities for Off-Market Transfers and IPOs: If there are discrepancies in the quantities entered for off-market share transfers and IPOs, it can lead to inaccuracies in the Profit and Loss statement.

Short Delivery/Auction Scenarios: In cases of short delivery or auction scenarios, where the actual delivery falls short or involves auctioning, the P&L report may be affected.