Stock profit and loss spreadsheet
The income statement, revenue, gross profit, operating profit, net income, ROA and Sal, if the business make loss and pre-tax income is negative, how are they The manufacturing organisation will still need a trading and profit and loss Deducting closing stock from the debit side of the trading account is therefore Note that the closing stock figure would appear in the balance sheet under Stock. Profit and loss account. The trading account now has all the other expenses