How To Read A Profit And Loss Statement

Cover
Contents
Introduction
Chapter 1. Th e Income Statement — An Introduction
	Profi t and Loss Statement
	Importance of Income Statement
Chapter 2. Accounting Principles
	Accounting Period
Chapter 3. Measurement of Income
	Revenue
	Expenses
	Classifi cation
	Diff erent Account Period Items
Chapter 4. Preparation of Income Statement
	Account
	Various Types of Profi t
	Form and Contents of Profi t and Loss Account
	Non-operating Income/Other Income
Chapter 5. Income Statement and Balance Sheet
Chapter 6. Inventory Valuation
	First In First Out (FIFO)
	Last In First Out (LIFO)
	Weighted Average Cost (WAC)
Chapter 7. Income Statement of a Manufacturing Concern
	Manufacturing Account
	Trading Account
Chapter 8. Possible Future Expenses
	Bad Debt Expense
Chapter 9. Depreciation, Amortization and Depletion
	Methods of Depreciation
	Intangible Assets and Amortization
	Depletion
	Depreciation and Profi t Measurement
	Diff erence: Depreciation, Amortization and Depletion
Chapter 10. Solved Illustrations
Summary and Exercises
Index