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PROFIT & LOSS TEMPLATE: TURNOVER ABOVE 77,000 Pro t and Loss for the YE XX Sales Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 6,500 6,500 6,500

6,520 6,520 6,520 6,520 Total Profit & Loss 6,520 6,520 6,520 6,520 6,520 6,520 6,520 6,520 6,520 6,520 6,520 6,520 6,520 6,520 20 20 20 20 20 20 20 20 20 20 20 Profit & Loss for YE 11 YEARLY ACCOUNTING ACCOUNTING REPORTS YE Year-End 12th Jan 3rd Jan 6th Jan 12th Jan 3rd Jan 6th Jan 12th Jan 3rd Jan 6th Jan 12th Jan 3rd Jan 6th Jan 12th Jan 3rd Jan 6th Jan 6th Jan 12th Jan 3rd Jan 6th Jan 6th Jan 12th Jan 3rd Jan 6th Jan Total Transactions 7,924 7,924 7,924 17,500 17,500 17,500 17,500 17,542 17,542 17,542 17,542 17,542 17,542 17,542 17,542 9,000 24,000 8,000 24,000 7,000 24,000 7,000 24,000 7,000 17,667 7,000 24,000 7,000 24,000 7,000 24,000 7,000 23,500 21,750 8,000 23,500 7,000 23,500 7,000 18,667 7,000 22,000 6,500 22,000 7,000 20,875 16,000 23,500 8,000 23,500 12,500 23,500 6,500 22,000 7,000 24,000 7,000 20,875 16,000 16,000 17,667 7,000 17,667 24,000 27,500 7,000 17,667 7,000 16,417 13,500 16,417 21,500 21,750 7,000 26,000 24,000 24,500 26,000 27,500 17,571 21,250 16,000 12,000 27,500 16,000 13,000 26,000 16,000 12,500 14,000 16,000 17,667 16,000 16,000 15,000 16,667 16,000 15,000 27,500 20,583 12,500 27,500 24,000 23,333 16,500 12,000 26,000 8,000 11,333 16,667 15,000 21.

People Also Ask about consolidated profit amp loss

What does consolidated net profit mean?

Consolidated profit is an accounting operation making it possible to establish group accounts. These aim to express the situation and results of the consolidating company which exclusively or jointly controls other companies.

How is consolidated profit calculated?

Add together your revenues and your subsidiary's revenues. Subtract the sales made between you and your subsidiary to determine consolidated revenue. In the example from the previous step, add $40,000 and $20,000 to get $60,000. Subtract $8,000 from $60,000 to get $52,000 in consolidated revenue.

How do you consolidate profit and loss?

In the consolidated statement of profit or loss, any dividend income received from the associate is replaced by bringing in one line that shows the parent's share of the associate's profit. This is presented as 'Share of profits of associate' as a new heading immediately before the consolidated profit before tax.

What does consolidated mean in financial?

In accounting, the definition of financial consolidation can be summarised as: “Combining the assets, liabilities and other financial items of two or more entities into one consolidated entity.”

What does net profit mean?

What is net profit? Net profit is the amount of money your business earns after deducting all operating, interest, and tax expenses over a given period of time. To arrive at this value, you need to know a company's gross profit. If the value of net profit is negative, then it is called net loss.

What is the difference between consolidated and net profit?

18 July 2008 Net Profit is the profit as per Stand Alone Balance Sheet of the company while consolidated Net Profit means the net Profit as per consolidated Profit and Loss A/c by taking into a/c the NP of susidiaries and associates in ance with AS21.

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What is consolidated profit amp loss?

Consolidated profit and loss is a financial statement that combines the financial results of a parent company and its subsidiaries.

Who is required to file consolidated profit amp loss?

Companies that have subsidiary entities are required to file consolidated profit and loss.

How to fill out consolidated profit amp loss?

To fill out consolidated profit and loss, you need to gather financial data from the parent company and its subsidiaries, and then combine this information into one comprehensive financial statement.

What is the purpose of consolidated profit amp loss?

The purpose of consolidated profit and loss is to provide a comprehensive view of the financial performance of a group of companies as a whole.

What information must be reported on consolidated profit amp loss?

Consolidated profit and loss must include revenue, expenses, net income, and other financial metrics for both the parent company and its subsidiaries.

When is the deadline to file consolidated profit amp loss in 2023?

The deadline to file consolidated profit and loss in 2023 is typically within a few months after the end of the fiscal year.

What is the penalty for the late filing of consolidated profit amp loss?

The penalty for the late filing of consolidated profit and loss can vary depending on the jurisdiction, but typically includes fines or other financial penalties.

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