BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
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A statement of profit or loss, revenue statement, statement of financial performance, earnings statement, operating statement, or statement of operations) is one of the financial statements of a company and shows the company’s revenues and expenses during a particular period
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Balance Sheet
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Income Statement
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Statement of Cash Flows
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Explanation:
Detailed explanation-1: -A profit and loss statement (P&L), or income statement or statement of operations, is a financial report that provides a summary of a company’s revenues, expenses, and profits/losses over a given period of time.
Detailed explanation-2: -Profit and loss (P&L) statements A profit and loss statement, also called an income statement, tells you about the financial performance of your business for a particular period. It’s in three parts, each with line items within it: Revenues.
Detailed explanation-3: -The elements of the financial statements will be assets, liabilities, net assets/equity, revenues and expenses.
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