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

Profit and loss accounts are normally produced every year, showing the profit or loss made over the past 12 months. This is known as the trading period. There are many stakeholders that will be ...

Can an accountant do a profit and loss statement? A certified income statement requires the services of a certified public accountant. Financial statements are certified by a CPA who examines them, ...