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 ...

One of the most important ways business owners can keep track of their finances is with a profit and loss sheet – which will be beneficial when it comes to doing your accounts. This often overlooked ...