What is a profit and loss statement?

At its most basic, a profit and loss statement gives users information about a business's revenue, its expenses, and its net income.

This article is for informational purposes. This content is not legal advice, it is the expression of the author and has not been evaluated by LegalZoom for accuracy or changes in the law.

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updated November 21, 2023 · 3min read


Belle Wong, J.D.

by Belle Wong, J.D.

Belle Wong, is a freelance writer specializing in small business, personal finance, banking, and tech/SAAS. She ...

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