POA Profit&Loss + Balance Sheet

• Y_Shun

  19 May 08, 19:53

  Anyone can explain to me how to do

  -Profit&Loss
  -Balance Sheet

  For P&L, do we just calculate Profit and Loss?

• stellazio

  19 May 08, 19:58

  ya just calculate profit or loss..

  balance sheet is balancing..total assets = liabilities + equities right?

• maurizio13

  19 May 08, 19:59

   

  Good question.

   

• gunner77

  19 May 08, 20:58

  profit and loss require expenses(left side) and revenue(right side) only

  the purpose of it is to find ur net profit/loss.

  then ur net profit/loss is added/minus to the capital in balance sheet

  balance sheet is for all assest,owner's equity and liabilities.

  for balance sheet asset(left side) while owner's equity and liabilities.(right side)

• Y_Shun

  21 May 08, 08:59

  paiseh i forget what i want to ask

   

  profits & loss should be calculating revenue and expenses