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Profit and Loss Statement Sole Proprietorship Form

Profit and Loss Statement Sole Proprietorship Form

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Instructions and help about profit loss statement for sole proprietorship

you did welcome to another session of for tutorials today we're going to look at the final the final accounts of EXO Trina and so final account with the Kalia Kansa are prepared by entities at the end of their accounting to show their profitability in a financial position your cash flow position for the period all right and so we have so many forms of business organizations but our focus is on final accounts or focus on treatment and so we want you quickly look at what constitutes the final a controversial Trina now the final account of a suit Frida has been what we know has been a trading account the profit and loss account and we know the balance sheet okay and so what we know is that a trillion accounts is prepared at the end of the year to show the growth of its or loss and then their profit and loss accounts is prepared to show their net profits almost and then the balance sheet is prepared to show the financial position of their business all right so these are the train statement

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