Profit and loss statement
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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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Profit and Loss Statement

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Profit and loss statement

Profit and Loss Statement


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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