|
Date: |
|
Description: | The Profit and Loss Account shows the profit or loss of a business over a given period of time, for example, 3 months, 1 year, etc. A profit and loss account starts with the Trading Account, which shows the income from sales and the direct costs of making those sales. It then takes into account all the other expenses associated with the business. In contrast, the Balance Sheet provides a snapshot of what the business owns and what the business owes at a specific moment in time | License: | http://creativecommons.org/licenses/by/2.0/uk/ | Publisher: | Sandwell Archives | Rights holder: | Sandwell Archives | Subjects: | Sheet glass Gorgeous Glass | Temporal: | 1875 - 1970 | Source: | Black Country History | Creator: | Chance Brothers | Identifier: | http://www.blackcountryhistory.org/colle... | Go to resource |
|
|