P L Statement Form. The income statement follows a general form as seen in the example below. This format is suitable for any size company and can easily be customized.
A profit and loss statement (P&L), or income statement or statement of operations, is a financial report that provides a summary of a company's revenues, expenses, and profits/losses over a given The P&L statement shows a company's ability to generate sales, manage expenses, and create profits.
This format is suitable for any size company and can easily be customized.
This type of profit and loss statement format is widely used by companies in operation for many years. However, you should stay as close as possible to the Generally Accepted. However, it is possible (and also partly There is no legally-binding form indicating the correct structure of a P&L account.