The Profit and Loss statement
Getting to Know the P&L Statement : The Profit and Loss statement
People sometimes call the Profit and Loss statement the P&L statement, the Income Statement, the Statement of Operations, or the Statement of Earnings. What happened during a certain time period is shown on the Profit and Loss account. The P&L account gives details about
- The revenue of the company for the given period (yearly or quarterly)
- Tax and depreciation
- The earnings per share number
- The expenses incurred to generate the revenues
The best way to understand financial statements is to look at the real statement and figure out what it says.
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Table of Contents: Getting to Know the P&L Statement 1. Introduction of the financial statements 2. The Profit and Loss statement |
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