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

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 ...

Also referred to as a profit and loss statement. By combining these ... and manufacturers when it comes to the accounting of inventory. For service businesses, inventory includes supplies or ...

The 12-Month Profit and Loss Projection Worksheet is used by companies to project profits and losses for up to 12 months in the future.