A profit and loss statement, or income statement, is a financial document commonly prepared by a business to reflect the profitability of the business during a specific period of time. For example, a ...

A profit and loss account (P&L) is a statement of sales income and expenditure over a specified period, and any profits or losses made. Essentially, the profit or loss is the difference between the ...

One important form for growing businesses is called the trading profit and loss account. This account is a broad review of the profits a business made in an annual period, and can be divided into the ...

Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). A paper profit or loss is an unrealized capital gain (or capital loss) in an ...