AS DISCUSSED_Analyzing Pro Forma Statements - 28496

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  • Posted on: Mon 14 Oct, 2013
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Profit and Loss Statement

The profit loss statement of XYZ Inc. by the end of 31st Dec provides total accounting for the loss as well as. This statement has been designed based on consideration of all selling and purchasing activity that has happened in XYZ Inc. for the particular financial year. Generally the financial department of XYZ Inc. is responsible for the complete accounting of loss and profit in the organization for a particular fiscal year. The XYZ Inc. has acquired total sale of 1,750,450 for the current year. After deduction of returns and allowance amount of 2,752, the XYZ Inc. has acquired net sale of amount 1,747,698. As far as total coast of sale for that particular year is 1,050,270 which include the individual cost for beginning inventory (50,000), purchas

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Analyzing Pro F...