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The incremental profit or loss is the change in profit or loss over the designated time period. After calculating the profit or loss, for example on a monthly basis, the delta between that and the average monthly profit or loss from the prior year can be determined.
In profit and loss account normally list all in the revenues and expenses and profit or loss for any particular fiscal year of company.
The answer depends on percentage of WHAT!
A profit loss statement is a statement that summarizes costs, expenses, and revenues. Microsoft office has a downloadable profit loss statement template. The link to this template is http://office.microsoft.com/en-us/templates/profit-and-loss-statement-TC001115484.aspx
to find the profit you have to subtract the selling price from the cost price formula :- SP - CP = P to find the loss you have to subtract the cost price from the selling price formula :- CP - SP = L
Profit or loss = income - expenses. A positive number is profit, a negative number is loss.
Tradition, and the need to call it something.
Profit and Loss.
It is the cost of one unit of item that marginally increases the profit base of a transaction.
Profit and loss accont is used to calculate the profit or loss of business while profit and loss appropriation account is used to allocate or distribute net income or loss to share holders or different reserves account.
what are the advantages of profit and loss statement?
"What are the limitations of profit and loss account?"