by Rosantina Aranda | Dec 26, 2022 | Loan Education
A profit and loss (P&L) statement, also known as an income statement, is a financial report that shows a company’s revenues, expenses, and profits over a specific period of time, usually a month or a year. The P&L statement is one of the three main... by Rosantina Aranda | Dec 26, 2022 | Loan Education
A balance sheet is a financial statement that provides a snapshot of a business’s financial position at a specific point in time. It is one of the three main financial statements that businesses use to report their financial performance, along with the income...