Profit and Loss vs. Balance Sheet - Difference Wiki
Profit and loss statement and balance sheet are two important components of financial statements. The purpose of both are entirely different from each other.
Sample Income Statement
An income statement is also known as a profit and loss, P L, or statement of revenue and expense. An income statement shows: the revenues/sales before
How to Read Understand an Income Statement - HBS Online
May 28, 2020 Also known as profit and loss (PL) statements, income statements summarize all income and expenses over a given period, including the