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Profit and Loss Statement. Introduction. Balance sheet shows health of the organization. Income statement also called as profit and loss statement (P&L), gives company\'s financial statement for particular period.

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Presentation Transcript
introduction
Introduction
  • Balance sheet shows health of the organization. Income statement also called as profitand loss statement (P&L), gives company\'s financial statement for particular period.
  • This shows if the organization has made profit or loss during particular period.
  • This slide demonstrates in a simpler manner how profit can be calculated
example of profit and loss statements
Example of profit and loss statements

Case

MrPatil started poultry as a side business with 102 birds. He started business with his own saving of Rs.5000/-.

Out of 102 birds, in one month, 7 birds died

expenses
Expenses
  • First batch of birds, following were his expenses as shown in table below

Total 2040 rupees

sales
Sales
  • Total Weight of birds were averaging 1.8 kgs
  • Due to mortality factor, MrPatil has 95 birds
  • Purchasing rate in market is 15 rupees per kg
  • Thus Sales in rupees can be calculated as
profit
Profit

Total Profit is

  • Income obtained from Sales and deducting expenses incurred
  • From our earlier slide , Expenses is given below
  • From Previous Slide , Sales income is given below
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