Member SinceJul 08, 2021
SterlingMar 14, 2023 a 02:26
The statement typically includes revenue generated from sales or services, as well as operating expenses such as salaries, rent, and marketing costs. The difference between revenue and expenses represents the company's net income or loss for the period.
Investors, analysts, and other stakeholders use profit and loss statements to evaluate a company's financial health and performance over time. By analyzing trends in revenue and expenses, they can gain insight into the company's profitability, efficiency, and overall financial strength.