Examples of Profit and Loss Statement in a sentence
An impairment loss is charged to the Profit and Loss Statement in the year in which an asset is identified as impaired.
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.
All other borrowing costs are charged to the Profit and Loss Statement in the period in which they are incurred.
The Company’s contribution is recognised as an expense in the Profit and Loss Statement during the period in which the employee renders the related service.
You are required to complete the Year to Date Profit and Loss Statement in the following pages, and provide supporting documentation for your year-to-date gross income and expenses, which may include invoices, receipts, contracts, independent contractor pay stubs or pay statements, written business plans, employment proposals, business bank account statements, and/or accountant statements for business income, etc.