The trading profit and loss account is also called what?

Question

Utilisateur supprimé · Answer

According to the IFRS, it is no longer tradin profit and loss, but

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME.

this is for situations were both the Profit or Loss and the Other Comprehensive accounts are presented together...

Estrella Agustina Costales · Answer

It is also called the income statement account

Frank Mwansa · Answer

it is also called the statement of comprehensive income ( income statement)

Mahmoud Hamid · Answer

Profit & Loss account refer to Income Statement