UNIT 4 P4 prepare a profit and loss account and

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UNIT 5 P4 - prepare a profit and loss account and balance sheet for a given organisation

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UNIT 5 P4 - prepare a profit and loss account and balance sheet for a given organisation
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February 2016

2014/2015
For P4, learners will describe the purpose and use of the trading, profit and loss account and balance sheet. They will also explain how gross profit and net profit are calculated by indicating the kinds of income and expenditure that are included. Learners will be presented with a trading and profit and loss account and a balance sheet for a business organisation, which should be set out using the vertical style. Learners will label the ‘cost of goods sold’ section and the ‘overheads’ s...
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UNIT 4 P4 prepare a profit and loss account and

UNIT 5 P4 - prepare a profit and loss account and balance sheet for a given organisation