Which report shows the earnings of the business for a selected - ProProfs Discuss
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Which report shows the earnings of the business for a selected period?

Asked by Pavelh, Last updated: Sep 12, 2021

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L. Hawkes

L. Hawkes

L. Hawkes
L. Hawkes, Teacher, Memphis

Answered Jun 28, 2018

There are different business reports that you will come across with but the business report you need to check out how much profit you have made is the Profit and Loss report. This report will state all of the losses your business has acquired over a certain period of time matched well with the profits you have made from selling your items.

The Cash Flow will only state the amount of money that goes in and out of the business. The trial balance is in charge of checking the debit and credit. This will also indicate if there are errors with the records. The balance sheet aims to check if all the money used up is accounted for.

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pavelh

pavelh

pavelh
Pavelh

Answered Sep 06, 2017

Profit and Loss

*##**##*
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