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A statement of profit and loss is the business income and expense statement which sumarises the total income and expenses coming to the total profit (or loss) of the business which is the defference between the income and expenses.

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Q: What is statement of profit or loss?
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Related questions

What are the Advantages of a profit and loss statement?

what are the advantages of profit and loss statement?


Where can I find a profit loss statement?

A profit loss statement is a statement that summarizes costs, expenses, and revenues. Microsoft office has a downloadable profit loss statement template. The link to this template is http://office.microsoft.com/en-us/templates/profit-and-loss-statement-TC001115484.aspx


What statement have selling expense?

Profit and Loss Statement


What is another name for profit and loss statement?

income statement


What is the business definition for profit loss statement?

The business definition of the profit loss statement is a financial statement that explains your costs, expenses and revenues in a specific time period.


Where can someone get a profit and loss statement?

A profit and loss statement is a summary of how a much money a business has made over a period of time. If one has a very small business, it is possible to create one's own profit and loss statement using software, and one must send this in with the business' tax return. However, the larger the business, the more likely it is that an accountant or bookkeeper will need to create the profit and loss statement.


Where is interest coming in profit and loss statement?

... Space


Are profit and loss account on an income statement or balance sheet?

Profit & Loss Account is the Statement showing indirect expenses and receivable of a Company where as Balance Sheet is the Statement highlighting Assets and Liabilities of the said Company.


What needs to be included in a profit loss statement?

According to the Small Business Development site there are a number of things that need to be included in a profit and loss statement. Some of these include revenue, cost of goods sold, gross profit, expenses, and your net profit.


What is pnl?

Profit and Loss statement, if you were referring to financial terms


What are the advantages and disadvantages of the profit and loss method?

Not sure what you're asking - a "Profit and Loss" is a slang name / jargon for an Income Statement.


Is there a link to a profit loss statement online?

You can find a profit loss statement at www.accountingcoach.com/online-accounting-course/04Xpg01.html. If you have an accounting software they should also include one with that.