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Statement of profit and loss

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Statement of profit and loss

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by AvatarJohn Moffat.
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  • February 6, 2025 at 4:48 am #715210
    AvatarM.Haris
    Participant
    • Topics: 31
    • Replies: 14
    • ☆

    Statement of profit or loss for the year ended 31 December 20XX

    Revenue

    Cost of sales

    Gross profit

    Distribution costs

    Administrative expenses

    Operating profit

    Investment income

    Finance costs

    Profit before tax

    Tax expense

    Net profit for the period

    My question is to find PBIT will we add investment income in operating profit?

    February 6, 2025 at 8:52 am #715245
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54845
    • ☆☆☆☆☆

    It is added to the operating profit.

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