what all comes under profit and loss in balance sheet

what all comes under profit and loss in balance sheet

 

a balance sheet or statement of financial position is a summary of the financial balances of an individual or organisation, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as Government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year.