This is the segment that returns the final result of the efforts you have made so far. In this chapter, you will create the Profit and Loss (P&L) and Balance Sheet financial statements. These statements are based on the setup parameters you specified in Chapter 27. The P&L Statement shows the profitability, whereas the Balance Sheet reports on the equities, liabilities, and assets of a business. Combined, these two reports reveal the financial state of an organization.