how to read a profit & loss account and balance sheet interpret the figures on a profit and loss account and a balance sheet for both businesses and for yourself personal trading profit and loss account and balance sheet meaning of trading profit and loss account and balance sheet format and example of profit and loss account format and example of balance sheet trading account and profit and loss account and balance trading account and profit and loss account and balance sheet an example learning objectives understand the procedure of preparing trading and profit and loss account and balance sheet of a business your balance sheet and profit and loss account explained you may have heard your accountant or bank manager talk about your “balance sheet” and “profit and loss account” what do these terms mean and what information can these documents provide you about your pany how to prepare profit and loss account what is profit & loss account profit & loss account is part of final accounts prepared by a business firm to know the net profit of the business activities during a particular period
Restaurant Balance Sheet Excel Example line Business from profit and loss account sheet , image source: gbooks.co