Ask yourself the following questions when reviewing your P&L statement ... Depending on how detailed your report is, a profit and loss statement may include: Total revenue Cost of goods sold (COGS) ...

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

A profit and loss (P&L) statement summarizes the revenues ... The P&L statement answers a very specific question: Is the company profitable? While accountants use the P&L statement to help ...

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, ...