Help profit and loss statement

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    so for my marketing assignment im asked to produce a profit and loss statement for my said business.

    Im just not sure as to what to include. ive had a look on the internet, and it all just seem confusing to me.

    Could anyone help? what do i include in the statements? i just need a basic one for my assignment. :/
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    (Original post by Dann.It)
    so for my marketing assignment im asked to produce a profit and loss statement for my said business.

    Im just not sure as to what to include. ive had a look on the internet, and it all just seem confusing to me.

    Could anyone help? what do i include in the statements? i just need a basic one for my assignment. :/

    A profit and loss statement aka the income statement.
    Simply explained:

    Title (income statement for Abc Ltd for the year ended 2016)

    Revenue (aka sales aka turnover)
    - Cost of sales (aka cost of good sold)
    = Gross profit

    + Other income (if there is any)
    = Adjusted Gross profit

    - Expenses (aka overheads)
    = Net profit (or a net loss if it's negative.

    It's quite simple
    hamza ahmad hamzaahmad786 luton hertfordshire
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    (Original post by hamzaahmad786)
    A profit and loss statement aka the income statement.
    Simply explained:

    Title (income statement for Abc Ltd for the year ended 2016)

    Revenue (aka sales aka turnover)
    - Cost of sales (aka cost of good sold)
    = Gross profit

    + Other income (if there is any)
    = Adjusted Gross profit

    - Expenses (aka overheads)
    = Net profit (or a net loss if it's negative.

    It's quite simple
    hamza ahmad hamzaahmad786 luton hertfordshire
    This!

    There are a million templates online for this. Look on the Business Gateway (or similar small business start-up websites) for them.
 
 
 
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