Anciens Huang / Getty Images The balance sheet and the profit and loss (P&L) statements are regularly issued by companies. Such statements provide an ongoing record of a company's financial ...

Net income (profit or loss) A P&L focuses only on income and expenses for a specific period. It doesn’t include your business’s assets, liabilities, or equity — those appear on your balance sheet.

The information found on the financial statements of an organization is the foundation of corporate accounting. Data found in the balance sheet ... by net profit or net loss, which is usually ...