Trading and profit and loss account and balance sheet example pdf

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trading and profit and loss account and balance sheet example pdf

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Final Accounts Format PDF

Can be used to compare trade this year with trade last year Business Studies Online: Slide 1. This is the amount of money that will be kept in the business Calculated by subtracting expenses from Gross Profit Calculated by subtracting tax from net profit Business Studies Online: Slide 4. They speed up the cycle People who owe the business money. They slow down the cycle. Business Studies Online: Slide 9. Capital and reserves Share capital 75, Profit and loss account , Total Capital Employed , This means that , has been invested in the business Business Studies Online: Slide Both the balance sheet and the profit and loss account show the health of the business All the stakeholders will be interested in the balance sheet, but especially: Shareholders Customers Suppliers Employees When used with the Trading Profit and Loss account it shows how well the business is doing Business Studies Online: Slide

Trading Account and Profit and Loss Account and Balance Sheet - An Example:

Updated on Feb 01, - PM. Statutory requirements Companies Act, Partnership Act or any other law. It meant, the preparation of :. Trading account reflects the gross profit or loss of the business. Sale of products including excise duty. Sale of services. Other operating revenues.

The Trading Profit and Loss Account

Where forecasts provide an estimate of your financial position, financial statements are historical and outline the actual results achieved. Financial statements are usually produced monthly and at the end of the financial year. It is important to set aside time each month to analyse your financial statements, to enable you to control and improve your business. Usually produced monthly, this is a summary of income and expenses for your business.

Final Accounts Format PDF