understanding financial jargon
Profit and Loss (Income) Statement
The Profit and Loss Statement (also known as the Income Statement) is part of the Company Accounts which shows how much revenue a company earns verses the operational and marketing costs over the period of reporting.
The profit and loss statement can be used by investors to show how a company earns it's revenue, and what the company is spending money on to run the business. By comparing subsequent income statements over a longer period investors hope to gain some clues as to how the company may perform over the coming years.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
We hope you found this information useful.
Copyright © Steve Gears Associates. All rights reserved. No portion of this site may be reproduced without written permission. All Trademarks are freely acknowledged.The information on this site is based on UK data unless otherwise indicated. Non-UK visitors should check with experts within their own legal jurisdiction before relying on information presented here.