Dattatray Dagale

Income Statement

Income Statement (Profit & Loss Account) 1. Introduction The Income Statement , also known as the Profit & Loss Account (P&L) , is one of the most crucial financial statements prepared by a business. Unlike the Balance Sheet , which shows the financial position at a single point in time, the income statement reflects a company’s performance over a perio…

Financial Statements

Understanding Financial Statements Financial statements are often called the language of business —they translate a company’s activities into numbers that stakeholders can understand. Whether you are a student of finance, an investor, or a professional analyst, mastering financial statements is essential to assess an organization’s performance, health, and potentia…