Работа с текстом по специальности
методическая разработка по теме

Accounts and balance sheets

From the Trial Balance, prepared by the bookkeeper, the accountant creates a Profit and Loss Statement and Balance Sheet.

A Profit and Loss Statement or a Profit and Loss Account, shows the income or loss of the company for the period. The Profit and Loss Statement is made only on the basis of those accounts of the Ledger which affect the profit and loss of the company. The Profit and Loss Statement may contain the following items:

• Sales
• Trading profit
• Depreciation
• Rent received
• Interest paid
• Profit before tax
• Tax
• Prolit after tax
• Dividends
• Profit retained
• Earnings per share

The other accounts of the Ledger which reflect the assets, liabilities and capital of the firm, make up a Balance Sheet. This shows the net worth or book value of the company.

A Balance Sheet made up for Johnson and Co.,

The two sides of the Balance Sheet, that is Total Assets and   Total Capital and liabilities are

always to be equal.