This sample report will show you the basic structure of a Profit & Loss Statement.
Sample Company, Inc.
Sample Profit & Loss Statement
August 1-31, 2012
|Revenue and Expenses||Amount|
|Total Operating Revenue||$15,000|
|Cost of goods sold||$7,000|
|Other Income (Expenses)|
|Earnings Before Income Taxes||$5,500|
Note that a business organized as a C corporation almost always shows income tax expense, but S corporations, partnerships, LLCs, and sole proprietorships rarely list income tax on the P&L.
For more about small business financial management, read the articles.
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