Shutterstock A company’s statement of income is often called its profit and loss (P&L) statement. It lists revenues, expenses, and net profit for the period covered. There are typically ...

That’s why every business should track revenue and expenses with a profit and loss (P&L) statement. A P&L statement helps you measure your company’s financial health and see how your business is ...

Loss is represented on a break-even graph as anything below the break-even point. Loss is displayed as the shaded area between the revenue and total cost lines, below the BEP. On the below example ...