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Statement of Expenditures Form

Statement of Expenditures Form

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so we go to linking we go to linking trading and profit and loss accounts so linking is all about as soon as we dis as soon as we attain our gross profit then we go further by linking it with our statement of profit or loss account and other comprehensive income why do we have to link it we have to link it because we need to get the profit for the year the gross profit is just profit is just the profit made from sales from the trade so we have other expenses that has been enured in the C of of selling that product those ones have to be taken away from the from the profit made from Trading so that is why we have to link it to the profit or loss account then in preparing the so I wrote as soon as the gross profit is obtained through the trading account the other the other section which is the statement of profit or loss and another comprensive income will be used to obtain the net profit now that takes us to tatement of statement of profit or loss and another comprehensive income this co

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