How to Read A Profit and Loss Statement
Ramachandran
How to Read A Profit and Loss Statement - New Delhi TMH 2014 - 108
Similar to the earlier edition, various intriguing portions have been dealt with through amusing conversations infused with witty answers relating to P&L Statement. Additionally, the new edition elaborates on certain other equally important sections of the P&L Statement that were not addressed in such detail earlier.
Introduction
1. The Income Statement—An Introduction
What is a Profit and Loss Statement?
Importance of Income Statement
2. Accounting Principles
Accounting Period
Realization Principle
Accrual Principle
Matching Principle
Assets that Become Expenses
3. Measurement of Income
Revenue
Expenses
Classification
Different Accounting Period Items
4. Preparation of Income Statement
Account
Various Types of Profit
Form and Contents of Profit and Loss Account
· Non-Operating Income/Other Income
Profit and Loss
338.941706 R1406 H / 104596
How to Read A Profit and Loss Statement - New Delhi TMH 2014 - 108
Similar to the earlier edition, various intriguing portions have been dealt with through amusing conversations infused with witty answers relating to P&L Statement. Additionally, the new edition elaborates on certain other equally important sections of the P&L Statement that were not addressed in such detail earlier.
Introduction
1. The Income Statement—An Introduction
What is a Profit and Loss Statement?
Importance of Income Statement
2. Accounting Principles
Accounting Period
Realization Principle
Accrual Principle
Matching Principle
Assets that Become Expenses
3. Measurement of Income
Revenue
Expenses
Classification
Different Accounting Period Items
4. Preparation of Income Statement
Account
Various Types of Profit
Form and Contents of Profit and Loss Account
· Non-Operating Income/Other Income
Profit and Loss
338.941706 R1406 H / 104596