This is the final part of the profit and loss account. If the net profit figure is negative, the business has made a loss.

Can an accountant do a profit and loss statement? A certified income statement requires ... Certified public accountants (CPAs) typically charge $176 for preparing and submitting Forms 1040 and state ...

Also referred to as a profit and loss statement. By combining these elements, the income statement illustrates just how much income your company makes or loses during the year by subtracting cost ...