Sample Of Profit And Loss Statement And Balance Sheet

A Balance Sheet shows the financial health of any organisation on a given date.

Sample of profit and loss statement and balance sheet. This is why the balance sheet is sometimes considered less reliable or less telling of a companys current financial performance than a profit and loss statement. A PL statement is usually prepared annually and shows revenues and costs and how much profit has been made over the period. This format most closely matches the estimating style of most small construction companies.

One should choose a format with careful consideration as different formats serve slightly different purposes and are meant for different interest groups. The profit and loss statement is one of the three financial statements issued by the company along with the balance sheet and cash flow statement quarterly and yearly. Sales the total of hardware and consultancy of 120000.

Profit and loss statement shows net income and gross income during the specific period. To properly assess a business its critical to also look at the balance sheet and the cash flow statement. There can be several different formats for preparing the Balance Sheet.

A proper understanding of these financial statements helps investors to know the profitability and financial soundness of the company. Please provide year to date information starting from the month you opened. The balance sheet shows a companys assets liabilities and equity at a specific point in.

Expenses Accounting and legal fees 11700 Advertising 15000 Depreciation 38000 Electricity 2700 Insurance 15200 Interest and bank charges 27300 Postage 1500 Printing and stationery 8700 Professional memberships 1800 Rent for premises 74300 Repairs and maintenance. Annual income statements look at performance over the course of 12 months where as the statement of financial position only focuses on the financial position of one day. Analyzing the Balance Sheet.

A Statement of Profit and Loss Profit and Loss Statement PL A profit and loss statement PL or income statement or statement of operations is a financial report that provides a summary of a also called an Income Statement Income Statement The Income Statement is one of a companys core financial statements that shows their profit and loss over a period of time. The Income Statement is one of the three basic financial statements of the company including the balance sheet and cash flow statement. If seasonal please provide 12 months profit and loss please fill in the fields that apply to your business.