Profit and loss Account

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.

Lesson details

Class: SS1
Subject: Financial Accounting
Theme: Classes Of Accounts And Final Account Of A Sole Trader (Proprietor)
Duration: 30:12

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.

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