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

When a company makes money after it pays all its costs, it is said to have made a profit. If a company does not make enough money to cover all its costs, it is said to have made a loss.

Can an accountant do a profit and loss statement? A certified income statement requires the services of a certified public accountant. Financial statements are certified by a CPA who examines them, ...

The breakeven point is the exact level of sales where a company's revenue equals its total expenses, meaning the business neither makes a profit nor has a loss. Every business faces a critical ...