Overview
Learners should be able to: Explain Profit and Loss Account items from given information. Identify the format of a Profit and Loss Account. Prepare Profit and Loss account. Determine net Profit or Loss.
What you'll learn
- Profit and Loss Account:
- - Identification of Profit and Loss Account items.
- - format or layout.
- Profit and Loss Account:
- - Preparation
- - Determination of Net Profit or Loss.