POA Profit&Loss + Balance Sheet

Anyone can explain to me how to do

-Profit&Loss
-Balance Sheet

For P&L, do we just calculate Profit and Loss?

ya just calculate profit or loss..

balance sheet is balancing..total assets = liabilities + equities right?

Good question.

profit and loss require expenses(left side) and revenue(right side) only

the purpose of it is to find ur net profit/loss.

then ur net profit/loss is added/minus to the capital in balance sheet

balance sheet is for all assest,owner's equity and liabilities.

for balance sheet asset(left side) while owner's equity and liabilities.(right side)

paiseh i forget what i want to ask

profits & loss should be calculating revenue and expenses