Profit And Loss Statement

See also

Income Statement in the American legal Encyclopedia

United States Tax Concept of Profit and Loss Statement

Also known as an income statement, it shows a businesses revenue and expenses for a specific period of time. The difference between the total revenue and the total expense is the businesses net income.

Concept of Profit And Loss Statement in the context of Real Property

A short definition of Profit And Loss Statement: A statement showing the income and expenses of a business over a stated time, the difference being the profit or loss for a period.

Concept of Profit And Loss Statement in the context of Real Property

A short definition of Profit And Loss Statement: A statement showing the income and expenses of a business over a stated time, the difference being the profit or loss for a period.