The 3 sections of a profit and loss statement are:
· Revenue – This is the total amount of income generated by your business over a certain period.
· Expenses – This is the total amount of money you’ve spent on running your business, including things like employee salaries, rent, and supplies.
· Net Income – This is the amount of money you’ve earned after subtracting your expenses from your revenue. This is your profit or loss for the period.