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Profit & the School Store: Using Excel Overview: You will use the spreadsheet as a decision-making tool in this activity. You will use various features of the spreadsheet as you set up a school store.
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Profit and Loss form for a school is a financial statement that shows the revenues, expenses, and profits/losses of a school.
School administrators or financial officers are required to file the profit and loss form for the school.
To fill out the profit and loss form for a school, one needs to gather all financial information, including revenue, expenses, and any other relevant data. This information is then input into the designated sections of the form.
The purpose of the profit and loss form for a school is to provide an overview of the financial performance of the institution, showing the income and expenses incurred in a specific period.
Information that must be reported on the profit and loss form for a school includes revenues from tuition fees, grants, donations, expenses such as salaries, utilities, and other operating costs, as well as any profits or losses.
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