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Profit & Loss

One of the most interesting accounting reports is Profit & Loss, often referred to as P&L.Needing little introduction normal accounting policies are applicable.

 

For full accounting and bookeeping software, please visit Sage Spreadsheet converted by using @excel2web

 

Profit & Loss 2012

Profit & Loss
Period
Year To Date
Sales
Product Sales
Sales of Assets
Other Sales
Purchases
Purchases
Direct Expenses
Sales Promotions
Gross Profit/Loss
Overheads
Gross Wages
Travelling & Entertainment
Printing & Stationery
Professional Fees
Bank Charges & Interest
Depreciation
General Expenses
Suspense & Mispostings
Net Profit/Loss
Notes: When viewing Profit & Loss Sheet, "Period" normally refers to the current financial accounting period up-to an including the time the accounts were prepared.

This excercise is to provide you with an interactive tool to plan your enterprise & understand the basics of financial accounting and the various terms and reference of good business practices



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