This shows the profit left when costs haven been taken off - the NET PROFIT
For example:
Profit and Loss for Trish's Toys for 2002
|
£ |
£ |
Sales Revenue |
|
40,000 |
Wages |
15,000 |
|
Stock |
10,000 |
|
Power |
8,000 |
|
Rent |
3,000 |
|
Telephone |
2,000 |
|
Net Profit |
2,000 |