The trading profit and loss account is also called what?

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Posted by:
Konain Abbas Khan
12-September-2013

Question ajoutée par Nickson Bedeware
Date de publication: 2016/03/13

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Utilisateur supprimé

par Utilisateur supprimé

According to the IFRS, it is no longer tradin profit and loss, but

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME.

this is for situations were both the Profit or Loss and the Other Comprehensive accounts are presented together...

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Estrella Agustina Costales

par Estrella Agustina Costales , Statistician I , National Statistics Office

It is also called the income statement account

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par Frank Mwansa , ACCOUNTING LECTURER , FREELANCER

it is also called the statement of comprehensive income ( income statement)

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par Mahmoud Hamid , Finance Manager , Experts

Profit & Loss account refer to Income Statement

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