A detailed earnings statement for the previous full year (if you are currently in business). Existing businesses are required to show a Profit and Loss Statement for the current period to the date of the Balance Sheet. ... read full article
Summarizes income less cost of goods, less expenses claimed against the income for a specific period of time. Also known as an Income Statement or Operating Statement.
An official quarterly or annual financial document published by a public company, showing earnings, expenses, and net profit. also called income statement or earnings report. The P&L typically shows sales revenues, cost of sales/cost of goods sold, generally a gross profit margin (sometimes called 'contribution'), fixed overheads and or operating expenses, and then a profit before tax figure (PBT). Basically the P&L shows how well the company has performed in its business activities.
A list detailing the total amount of revenue and total liabilities for a set period of time. The difference between the two is either profit or loss.
An accounting summary of revenues, expenses and costs of a business during a specific period. This may also be known as an operating statement, income and expense statement or income statement.
