A instrução Lucro e Perda
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A instrução Lucro e Perda

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  • Nota de Estudos
  • Rever Tópicos
    Santosh K.
    QA
    Santosh K.

    actually it depends upon the company, trading a/c or a partnership firm

    Tashika B.
    US
    Tashika B.

    The 2 sections in which trading firm falls ate the profit and loss statement.

    BabaJide Martins F.
    TR
    BabaJide Martins F.

    These are very important in any trading firms because it help out in sorting out all necessary payments both in profit and loss.

    Morne V.
    ZA
    Morne V.

    Profit and loss statement are the most important values for an excellent leader

    Sunday O.
    NG
    Sunday O.

    gross profit and net profit enable you to know your account

    Thomas Haingura M.
    NA
    Thomas Haingura M.

    The Profit and Loss statement The format of the Profit and Loss statement will be influenced by the nature of the firm's activities. It should also respond to the needs of those who use it. It will be assumed that the business is a trading firm using the perpetual inventory approach. The Profit and Loss statement for a trading firm falls into two sections: •calculation of gross profit (revenue less cost of sales) •calculation of net profit (gross profit less other expenses)

    Celestino Paulo T.
    AO
    Celestino Paulo T.

    Helpfull

    Solomon Mireku A.
    GH
    Solomon Mireku A.

    Gross profit= Revenue-cost of sales Net profit= Gross profit-other expenses

    Odongo M.
    UG
    Odongo M.

    Accounting -> The Profit and Loss statement The Profit and Loss statement The format of the Profit and Loss statement will be influenced by the nature of the firm's activities. It should also respond to the needs of those who use it. It will be assumed that the business is a trading firm using the perpetual inventory approach. The Profit and Loss statement for a trading firm falls into two sections: calculation of gross profit (revenue less cost of sales) calculation of net profit (gross profit less other expenses)

    Manish K.
    NP
    Manish K.

    Gross profit can be obtained after deducting direct expenses of manufacturing goods and services where as net profit can be found out after deducting all indirect expenses made for selling goods to final customer.

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