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

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, ...

Also referred to as a profit and loss statement. By combining these elements, the income statement illustrates just how much income your company makes or loses during the year by subtracting cost ...

Example of revenue for a florist shop ... Many businesses measure their success based on how much of a profit or loss they have made. Profit is any revenue left over after all the business ...