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-   -   Profit/Loss Statement (https://www.askmehelpdesk.com/showthread.php?t=798501)

  • Aug 5, 2014, 12:19 PM
    Ezeigwe1
    Profit/Loss Statement
    I have inventory of many collectible items that I just started listing on Ebay. I have not sold any yet. How do I post this in my profit/Loss statement? My bank is requesting for a profit/ lost statement.
  • Aug 5, 2014, 04:18 PM
    ma0641
    You don't have any profits or losses since you haven't sold anything, the items are considered assets.
  • Aug 5, 2014, 04:32 PM
    paraclete
    In the income statement you have the line item purchases and you also have the line item closing stock

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