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Statement of Profit and Loss for the Year Ended 31st March Form

Statement of Profit and Loss for the Year Ended 31st March Form

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kyoto and welcome to the second of our videos in accounting basics this one's going to be focusing on an income statement and what we are requiring for an income statement and the structure that we would like so this is a question um on an income statement for hermann traders to calculate the profit for the year ending 31st of december 2024. before we go any further first thing you have to do is draw a nice little graph that i've already previously drawn for us and lay out what we're trying to do here okay so first things first we're not herman traders um as per this first title so the first thing we need to do is write a title so we are going to write income statement for herman traders as at the 31st of december 20 24. okay so that's our title that's what we have to do every single time because there's marks associated with just putting in a title okay now we can look down at what we are looking at so we look down at all our oth

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