How far do you think that the information presented in a limited liability company's profit and loss

Question:

How far do you think that the information presented in a limited liability company's profit and loss account and is useful to the owners of a small business?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...