Abstract
Every business person will want to know the profits that their organisation has generated. In order to establish this accounts must be prepared which summarise the trading that has taken place during the last financial year. The owners and managers will not be the only people requiring this information. The tax authorities, outside lenders and investors will all want to know the profits made throughout the year, and the assets and liabilities of the business.
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© 1993 Sally Messenger and Humphrey Shaw
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Messenger, S., Shaw, H. (1993). Preparing a Trading and Profit and Loss Account. In: Financial Management. Palgrave, London. https://doi.org/10.1007/978-1-349-13080-1_5
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DOI: https://doi.org/10.1007/978-1-349-13080-1_5
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-58528-3
Online ISBN: 978-1-349-13080-1
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)