One of the tools that is used to control the cost and use of food is the profit and loss statement, the purpose of which is to show management the exact cost and amount of food used on any given day.

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The profit and loss statement is a financial document that summarizes the revenues, costs, and expenses incurred during a specific period, usually a fiscal quarter or year, not on any given day. It shows the overall profitability of a business, not the exact cost and amount of food used on any given day. Tools like inventory management systems, daily food cost reports, and portion control are used for controlling the cost and use of food on a daily basis.

One of the Tools That Is Used to Control the Cost