Peerless Other Name For Profit And Loss Statement

A profit and loss statement PL or income statement or statement of operations is a financial report that provides a summary of a companys revenues expenses and profitslosses over a given period of time.

Other name for profit and loss statement. I have been doing this for over ten years now and I have found it as a great way to set a financial goal for each month and. Profit and loss account. Profit and loss templates to help you monitor your business income Make life easier by using a profit and loss template to monitor your companys income and expenses.

Antonyms for profit-and-loss statement. Profit and loss account. The PL statement shows a companys ability to generate sales manage expenses and create profits.

The profit and loss statement will be one of a series of documents that businesses release over the course of a year normally after each quarter and often as part of a years work. Youll sometimes see profit and loss statements called an income statement statement of operations or statement of earnings. Regardless of name profit and loss statements are a good report of whether a company can make any profit based on the revenue that comes in and the costs and expenses that go out.

Loss profit on disposal of asset Loss on disposal of an asset shows when you get rid of an asset either by writing it off or by selling it. Income Statement using Canadian ASPE shows the companys earnings and expenses. The profit and loss statement will show the business name and the period that the statement is for this can be a week month quarter year or any period that you require.

A profit and loss statement PL sets out your company income versus expenses to help calculate profit. Semantically it does not make sense since a single accounting period month quarter year-to-date can only result in a net profit or a net loss. Synonyms for profit and loss include P and L accounts balance sheet books financials financial statement ledger records profit and loss statement and annual report.

Sample Profit and Loss Statement Other names for a profit and loss Statement The statement lists the Income and Expenses which is why it also goes by the name of. Heres a list of similar words from our thesaurus that you can use instead. The figures posted to the profit and loss account may not be the same as the transactions in your bank account.