Duration: 2 hours
The trial balance prepared before closing the ledger shows the balance of every general ledger account – assets, liabilities, proprietorship, revenues and expenses. The profit and loss report uses the information gathered in the profit and loss account to present information in a succinct and easily understood manner. In this course, you'll learn more about profit and loss statements, and their preparation methods.
Please note: Course notes are provided in PDF format for your convenience and can be downloaded to print or view on your device.