- This topic has 7 replies, 2 voices, and was last updated 9 years ago by
.
Viewing 8 posts - 1 through 8 (of 8 total)
- Posts
Can you explain what is meant by prepare income statement as a single statement?
Yes! It means prepare a “statement of profit or loss and comprehensive income” as a single statement (so don’t stop after you get to “profit after tax” but continue on and include the statement of comprehensive income elements too)
Ok?
If there is a revaluation
Does this extract, what you explaining by do not stop
Net profit £3,0000
Other comprehensive income
Building revaluation 50,000
Total comprehensive income £53,300
Viewing 8 posts - 1 through 8 (of 8 total)
- You must be logged in to reply to this topic.