The profit and loss statement is also called the income statement or the earnings statement. The profit and loss statement is mainly known for getting to the bottom line: net income. But it also provides a valuable source for measuring different levels of income, spotting trends, understanding t...
Income Statement, also known as the Profit and Loss Statement, reports the company's financial performance in terms of net profit or loss over a specified period. Income Statement is composed of the following two elements:利润表，也称损益表，用来报告公司在特定时期内的净利润或亏损的财务业绩。损益...
Understanding your company’s financial statements is integral to success. Learn what a financial statement is and explore the different types with QuickBooks.
Profit or loss The income statement shows revenue and expenses over the accounting period. A commonly used term when discussing income statements is “net income,“ which is the income remaining after all expenses (including taxes) have been paid. ...
Income Statement (Profit & Loss Statement) An income statement overviews a company’s revenues, expenses, net income, and earnings per share over a specified period, such as a quarter or a year. It answers the question: Did the company make money?
Income statement (profit and loss statement) The income statement is the “what did we do” statement. The income statement, or profit and loss statement, shows how the company performed during the course of its operations for a fixed period of time. It accumulates information over a set peri...
2. Income statement Sometimes referred to as a profit and loss statement, income statements describe what the company did with the money it earned and spent. This essentially reveals its activities between balance sheets. Income statements include all revenues, expenses, gains, and losses that occur...
statement presents a summary of the revenues, gains, expenses, losses, and net income or net loss of an entity for a specific period. This statement is similar to a moving picture of the entity's operations during this period of time. The cash flow statement summarizes an entity's cash ...
Statement of stockholders’ equity Related Questions What are external financial statements? What are the required financial statements? What is the profit and loss statement? What are pro forma financial statements? What are consolidated financial statements? What is the statement of comprehensive...
Profit and Loss Statement An annual report, and other quarterly reports, apublicly-traded companypublishes giving information over a given period of time. The report contains information on the company'sfinancialstate, most notably statements onrevenue,expenses, andearnings(which is the difference betwe...