An income statement or profit and loss statement, one of the financial statements of a company which shows a company’s revenues and expenses during a period.
The Profit and Loss Account is a simple and ready-to-use Excel Template that enables you to summarize the revenues, costs, and expenses that a company incurs a specified period. Usually, companies prepare this statement quarterly and yearly and sometimes even monthly. What is a Profit And Loss Account? Profit and Loss Account is a financial […]