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Profit loss accounts - PowerPoint PPT Presentation

Managing Finance and Budgets

Managing Finance and Budgets. Lecture 5 Profit & Loss Accounts. Total revenue. less. Total expenses incurred in generating the revenue. equals. Profit (loss). Profit & Loss Equation for a period. The Format of the P & L Account. Normally a Profit & Loss Account will consist of:

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Profit loss accounts - PowerPoint PPT Presentation

Managing Finance and Budgets