To empower startups with the basic knowledge required for the preparation of P&L statements, mentors from the iStart Rajasthan program conducted an in-house skill building workshops on the topic at the Techno Hub, Jaipur, on 26 April 2019 to 28 April 2019. The session focused upon endowing the startups with the skill sets required to prepare such a statement. The profit and loss (P&L) statement summarizes the revenues, costs and expenses incurred during a specified period. These records help a startup evaluate its ability to turn sales and revenues into profits – a key ingredient for success.