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statement of comprehensive income

KKISHA11y ago
Can you explain what is meant by prepare income statement as a single statement?
MikeLittleMikeLittleTutor11y ago#1
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?
KKISHA11y ago#2
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
KKISHA11y ago#3
sorry net profit 3,300
MikeLittleMikeLittleTutor11y ago#4
Yes!
MikeLittleMikeLittleTutor11y ago#5
KISHA, how come you're asking questions on P5 as well as on F7?
KKISHA11y ago#6
hi I did not see you question, it related to f5 Was there a problem?
MikeLittleMikeLittleTutor11y ago#7
P5 and F7 seems a strange combination! No problem
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