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Profit and loss statement (P&L), also called an Income Statment, or Statement of Operations, this is the statement that indicates how the revenue (money received from the sale of products and services before expenses are taken out, also known as the "top line") is transformed into the net income (the result after all revenues and expenses have been accounted for, also known as the "bottom line").
Winst- en verliesrekening, ook wel resultatenrekening, staat van bate en lasten genoemd, is de rekening die aangeeft hoe de opbrengst (ontvangen geld van productverkoop en diensten zonder verrekening van kosten: ook "top line" genoemd) wordt omgezet in het netto-inkomen (het resultaat nadat alle inkomsten en uitgaven zijn verrekend, ook bekend als de" bottom line ").
Translated and reviewed by StevenA
Located in GLProfit_Loss.php:22
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