question archive The statement of profit or loss include which of the following? Revenue, cost of goods sold, administrative expenses and extraordinary items
The statement of profit or loss include which of the following? Revenue, cost of goods sold, administrative expenses and extraordinary items
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The statement of profit or loss include which of the following?
- Revenue, cost of goods sold, administrative expenses and extraordinary items.
- Gains and losses arising from treasury share transactions.
- Other comprehensive income.
- Discontinued operations.
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- Revenue , cost of goods sold , distribution costs , general and administrative expenses and extra ordinary items.
Step-by-step explanation
- Generally, the statement of profit and loss includes the revenues, expenses and costs which are incurred at a certain period of time.In other words it is a financial report which consists of the total cost incurred during the production or service offering, the total amount of expenses or what the firm pays for its overheads and also a display of the overall income of the firm or the net income for a specified period of time.The profit and loss statement is a report which shows the overall performance of a firm at a certain period of time.
