Are you ready to start on your P&L Statement?

Are you ready to start on your P&L Statement? 

Accounting, Financial Planning

The profit and loss account is the foundation of an income statement.

1 / 7

A balance sheet is similar to a snapshot of a business taken at a particular period.

2 / 7

The amount of cash (or cash equivalents) that enters and leaves a corporation is shown on the profit and loss statement.

3 / 7

A dairy company would value a high inventory turnover rate more than a jewelry store.

4 / 7

You may calculate a company's net value with the support of Profit and Loss Statements.

5 / 7

Profit and Loss Statement is a financial statement compiled by businesses only at the end of a fiscal or trading year.

6 / 7

COGS (or Cost of sales when referring to services) is calculated using the following formula:

7 / 7

Create Your Account Now

Sign up now to stay connected to the UAE ecosystem, access exclusive content & market news, and discover initiatives to unlock opportunities.

You might also like