ECCB Micro-Business Simulation Workshop Presentations

The Income Statement: Key Components of The P & L Statement THREE KEY FINANCIAL STATEMENTS

The income statement, also be referred to as “the statement of operations”, “the profit and loss statement”, or simply the “P&L”, represents the business activities that have been transacted from thebeginningof thefiscalyeartoa particularperiod and through to the end of the fiscal year.

Revenues

Expenses

PROFIT

LOSS

Profit or loss