Examples of Profit and Loss Statement in a sentence
If audited financial statements have never been prepared due to the size or newness of an organization, the applicant must provide, at a minimum, an Organizational Budget, an Income Statement (or Profit and Loss Statement), and a Balance Sheet certified by an authorized representative of the organization, and any letters, filings, etc.
An impairment loss is charged to the Profit and Loss Statement in the year in which an asset is identified as impaired.
The Balance Sheet, the Profit and Loss Statement, and the Cash Flow Statement dealt with by this Report are in agreement with the books of account.
The Bidder should submit self-attested copy of Auditor’s Report along with Balance Sheet and Profit and Loss Statement along with Schedules for the relevant Financial Year in which the minimum criterion is met.
All other borrowing costs are charged to the Profit and Loss Statement in the period in which they are incurred.