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What is the difference between profit and loss statements and income?

The statement which describes revenue minus expenses equals net income is known by the following names: Statement of Operations Profit and Loss Statement (commonly called P&L) Statement of Earnings Income Statement Statement of Income In a publicly-traded US company, #1 is used. Internally, #2 is most commonly used. I haven't a clue why it has assumed so many names and why there doesn't seem to be a standard name.