This is the final part of the profit and loss account. If the net profit figure is negative, the business has made a loss.

Anciens Huang / Getty Images The balance sheet and the profit and loss (P&L) statements are regularly issued by companies. Such statements provide an ongoing record of a company's financial ...

That’s why every business should track revenue and expenses with a profit and loss (P&L) statement. A P&L statement helps you measure your company’s financial health and see how your business is ...