important indicator of business activity or organization acts as the financial value of the total business activity for a period of time.This figure is reflected in the corresponding report, which is entitled "Income Statement" and issued under the form №2 accounting.
information that is included in the profit and loss account, is considered as an essential element of financial statements, explanatory information presented.Profit and loss account includes 4 sections.Further, it focuses on some specific information to their types.
first section reflects the balance of the usual types.It includes indicators of revenue from sales of goods, services rendered;gross earnings, options have cost of goods sold, costs associated with the commercial and administrative activities.
Line 010 shows the information on income, which are derived from sales of products as well as made a business or company and services.Thus, in case of excess revenues from one type of work to the value of more than 5% of the total amount, its reflection in the report is produced in lines 011-013.
revenue, which is used as a measure of profit or loss - is the amount of money that came to the accounts of the company from the use of the property.The composition of revenue is also credited receivables.In the case where the value of funds received does not exceed the receivables, the profit and loss account reflects the amount of revenue received in the form of funds and the share of receivables, which at this point in time not yet paid.
content of the second section shows the amount of interest payable on deposits and the interest paid to banks or charged by banks.Here, the positions (lines) are recognized for all losses and profits from ordinary activities.These funds are shown in the line 160. Earnings used in this section shall be calculated as the difference between the profit before and after the obligatory tax payments and other budget allocations.
section "Background data" is made in the company or organization if they have permanent tax liabilities or when a company pays a dividend.
There is a report and a section in which profits and losses of the enterprise are decrypted.This applies to non-operating assets and liabilities, with the most significant in magnitude.More specifically, in the lines:
- 210 - reflects the penalties for which there are already court rulings;
- 220 - reflects the balance of previous years, that is, those losses (gains) that were installed in the current accounting period;
- 230 - shows the amount of losses that are inappropriately applied to the enforcement of obligations and that either receives or pays off the company or the company;
- 240 - represents exchange differences, which are formed during the operations assessment and revaluation of fixed assets of enterprises and organizations of their obligations, the value of which is presented in a foreign currency;
- 250 - shows the amount that came under the reduction in value of tangible assets or as a means of provision for depreciation of investments;
- 260 - line indicates the amount payable with expired date of the limitation period, as well as those which shown written off on financial results of the company.
As can be seen, even from such a superficial analysis, considers the report is a very important document not only for record-keeping activities, but is also a necessary tool development strategy of the enterprise.
