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Ssg Financial Report Sample Form

Ssg Financial Report Sample Form

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Instructions and help about statement report sample

hey y'all part five of our financial basic Series today we're going to talk about the income statement also known as a profit and loss so I've got here a example of what a profit and loss statement looks like and the really important thing to understand about a profit and loss is this shows you what you've made and what you've spent during a period of time whereas a balance sheet is at a point in time a profit and loss is during a period of time so just let's start up here at Revenue so you'll see revenue on the profit and loss this is all the money you've made and then we get into cost of goods sold which is right under here where you'll see this is the money spent in order to make that money so if you have inventory that you have to sell in order to make the money that expense is going to show up in cost goods sold and then we get into operating expenses all the things you need to pay like rent and wages and offi

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