yes income statement or profit and loss account is primary object of disclosing the performance of a company or enterprise
Time magazine is a privately held company, so its profit information is not publicly disclosed.
i want to analyze the trading and profit and loss account for coca cola company could you help
The purpose of the profit and loss account is to give you an idea about whether a company has made a profit or loss more than a financial year. An income and loss account begins with the trading account and then takes into account all the other outcome associated with the company.
The gross profit ration tells you a lot about a company's performance during the year. You are able to tell the amount of goods that have been sold and when you less the profits you will get the net profit.
In profit and loss account normally list all in the revenues and expenses and profit or loss for any particular fiscal year of company.
profit is when the company is making money and a loss is the company is not making money.
because profit is earned on the capital invested which is not the company's money. capital is also like a liability and the profit should actually be given to the owner and the money is still there with the company so it is again a liab. for the company to pay the profit which is a return on the capital invested by the owner.
details of profit and loss appropriation account Profit and loss appropriation account is prepared after profit and loss account..It s a account where the profits earned by the company is brought in from profit and loss accont and it s distributed to various accounts like interim divident account, provision for taxiation account, general reserve account etc.....it s a account which shows how the profits are distributed in an organisation.....
Profit and Loss A/c:Profit and loss account as name describes prepares to determine the net profit earned by company in one accounting year and which is not available information in any other financial statement of company.
Profit & Loss Account is the Statement showing indirect expenses and receivable of a Company where as Balance Sheet is the Statement highlighting Assets and Liabilities of the said Company.
Company accounts are a disclosure of the financial information of a limited company, usually provided in the form of a profit & loss account and a balance sheet. Company accounts are usually filed annually.
Controllable profit measures managerial performance Divisional profit measures divisional performance.