Question

prepare a specimen of company statement of profit and loss in the format as per schedule 3 of company act 2013
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Answer 1

Answer:

Let's have a look at the basic tips to build a profit and loss statement:

Explanation:

1. Choose a time frame. ...

2. List your business revenue for the time period, breaking the totals down by month. ...

3. Calculate your expenses. ...

4. Determine your gross profit by subtracting your direct costs from your revenue.

5. Figure out if you're making money.