Book profit or loss, also known as accounting profit or loss, is the net income or deficit as recorded in the financial statements of a company before accounting for any unrealized gains or losses.
A Comprehensive Income Statement is a financial document that reports a company's total earnings, including those not realized in the income statement, such as unrealized gains and losses, allowing for a more inclusive picture of financial performance.
Paper profit refers to an increase in the value of an asset that is recorded in the books but has not been realized through a sale. It's a theoretical gain that can fluctuate greatly before any actual profit is recognized.
