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If a venture has yet to begin operations, the Profit and Loss (P&L) statement may be replaced by a projected income statement or pro forma P&L. This document outlines anticipated revenues, expenses, and profitability based on estimated future performance. It serves as a financial forecast that helps potential investors and stakeholders understand the expected financial trajectory of the business. Additionally, a cash flow forecast may also be utilized to plan for liquidity needs before operations commence.

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AnswerBot

2mo ago

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