Profit And Loss Statement: Fill & Download for Free

A profit & loss statement is only one tiny slice of a business plan (maybe 3–5 pages of a 40 page document). A business plan covers a very broad range of subjects.A business plan is a broad strategic document that covers everything from operations to marketing to personnel planning to the financial statement forecasts.The table of contents for a typical business plan might cover something like:Executive summary & investment highlightsIndustry analysisAudience demographicsCompetitor analysisProduct and value propositionCompetitive advantages / disadvantagesBusiness risksPartners / sponsorsMarketing planLegalTeam, hiring plan & advisorsFinancial statements (here’s your profit and loss statement!)But keep in mind, financial statements include the profit & loss statement, cash flow statement, capital expenditure layout and balance sheet.So the P&L is just a small slice of a small slice.HOWEVER, if the business doesn’t have a profitable business model (or a plan to become profitable), then the whole plan is bad.So the P&L is very important!Hope this helps!

Profit and loss account is a statement that shows the quantum of surplus funds available to thr entity at the end of a financial period.Whereas profit and loss appropriation account gives you details about how the surplus that is shown in the profit and loss account is going to be spent.Profit and loss account is a standalone statement and the profit and loss appropriation account is an extension of the former.Profit and loss account is mandatory for all entities- partnerships, companies etc while the appropriation account is usually prepared only by partnership firms.P&L appropriation account usually gives details about how the surplus money is going to be spent- I mean how much of it goes to each partner, how much is to be invested in capital expenditure, how much to be used as earmarked reserves etc.Hope this clears your doubts.A2A

I worked for a multi-national IT company in India for three years, for a salary of Rs.26,000 per month ($390). My brother used to make 25 times more money than me and my father 8 times more money than me.My dad spent more money on my education than on my brother’s (being a merit student, he had scholarships throughout).I used to get lot of judgmental comments from friends and relatives comparing me with my brother and dad. I always used to give them one answer : ‘This is life - this is not a profit and loss statement. I love my job and that is all matters.’ Yes, I was satisfied with my salary.