Accounting - The Profit and Loss statement example
The Profit and Loss statement example
Profit and Loss statement for the month ending 31 May
- COST OF GOODS SOLD
- OPERATING EXPENSES
Depreciation of motor vehicles
Depreciation of office equipment
NET PROFIT AND LOSS
In the example above the business makes a loss and the loss has to be
transferred to the balance sheet. Explain why the business makes a loss yet
the balance for bank has increased.
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