Preparation of reports: profit and loss statement
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Preparation of reports: profit and loss statement

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    Oladosu G.
    NG
    Oladosu G.

    is their different between accumulated depreciation and depreciation

    Kulbhushan K.
    CA
    Kulbhushan K.

    hello

    Rose R.
    PG
    Rose R.

    In the preparation of the Profit and Loss statement the report show the acitivities at the end of six months etc....

    Benjamin H.
    CA
    Benjamin H.

    To be clear, the title at the bottom should correspond with the resultant number (i.e. 'Net Profit' for a positive balance or 'Net Loss' for a negative balance.) But, that's just so everyone else understands how the profit/loss worksheet works. Also, petty cash is a current asset and should be treated as such instead of as an expense.

    Adwoa O.
    GH
    Adwoa O.

    i agree with Benjamin

    Vilas C.
    MY
    Vilas C.

    Should Net profit not take in to account tax applicable to profit and then arrive at "Net profit"?

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