Anyone who cares about the continued existence of a business should want to regularly review both the Profit or Loss statement and the Balance Sheet. One is not enough. The P/L will tell you if the business is making or losing money. The balance sheet will tell you if the business has enough cash to continue operating.For example, you have a business that deals with a small number of very large orders. With minimal expense youu2019ve just landed a huge sale that will make your business profitable for the next 12 months. Your Proft or Loss statement looks great. Unfortunately, you wonu2019t be paid for that sale for 6 months and according to your Balance Sheet, youu2019ll have long since run out of cash by then.This is why stakeholders should be looking at both. And of course, they will also need to know what credit the business has available to it to cover the gaps for exactly the kind of circumstance I described above.