Hi,

What it's full set account?

These are expressions:-

1) Full set of books.

2) Full set of accounts:-
This refers to
a)Trading Account
b)Profit and Loss Account
c)Appopriation Account
d)Balance Sheet

Full set of accounts or a set of financial statements is composed of:
1. Statement of Financial Position
2. Statement of Comprehensive Income
3. Statement of Changes in Equity
4. Statement of Cash Flows
5. Notes to the accounts

Dear all,

Hye Irenehere，please kindly tell me,how to do Trading Profit & Loss ?
Do have the simple example? Because I am a new study in accounting.






Thank you so much
Irene

Quote:

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Originally Posted by normy

Hi,

What it's full set account?

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Balance Sheet
Income Statement
Cash Flow Statement
Notes to the accounts

Quote:

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Originally Posted by Irene Lch

Dear all,

Hye Irenehere，please kindly tell me,how to do Trading Profit & Loss ?
Do have the simple example? Because i am a new study in accounting.






Thank you so much
Irene

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Don't you have a text book you need a text book on accounting fundamentals.


Sales - Cost of Sales = Gross Profit - Operating Expenses = Net profit - Tax = Net Profit after Tax