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The profit and loss p l statement is a financial statement that summarizes the revenues costs and expenses incurred during a specified period usually a fiscal quarter or year.
Income on profit and loss statement. Profit and loss statement. A profit and loss statement as the name implies depicts the profitability of the company as well as the losses which occur when the expenses are deducted from the generated revenues. The profit and loss statement is also called the income statement but it is different from a cash flow statement. It can be prepared for.
Example profit and loss statement p l below is an example of amazon s 2015 2017 p l statement which they call the consolidated statement of operations. While it is arrived at through the income statement the net profit is also used in both the balance sheet and the cash flow statement.
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