"Trading and Profit & Loss Statement" analyses the approach to be taken for the preparation of Trading and Profit & Loss Accounts. The business operator needs to understand financial accounts.
This paper explains in detail how a Trading and Profit & Loss Account is prepared and highlights the key ratios and other figures which should be extracted from a Trading and Profit & Loss Account. Reference item numbers have been included in the presentation to assist the reader to understand the combination of the various calculations that are made in a Trading and Profit & Loss Statement.
