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

Shutterstock A company’s statement of income is often called its profit and loss (P&L) statement ... moves into or out of the company’s bank account. The P&L statement is often the most ...

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 ...

Financial costs are likely to climb further for airlines in the near term, with new accounting standards on leases set to create “significant volatility” in their profit and loss accounts.