This is the final part of the profit and loss account. If the net profit figure is negative, the business has made a loss.

For example, if their gross profit figure doubled over the period of a year, most businesses would be pleased. However, this may not tell the full story: ...

What Is Schedule F: Profit or Loss From Farming ... Schedule F provides different ways to account for your income depending on whether you use the cash or accrual method. Schedule F is used ...