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The profit and loss statement 043-03070010

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Example

This example is of a profit and loss statement adjusted for non-allowable income and deductions. The example shows the original and the adjusted profit and loss statements. The adjustments have been made as if the profit and loss statement is from a sole trader or partnership business.

Note: this example is not to work out what adjustments are required for a business profit and loss statement. See business deductions.

\\INTERNAL.DEPT.LOCAL\Shared\NAT\SERDELEXCEL\WORKPRODIMP\Operation Blueprint Migration\RDT Release Icons\32w\icon-attachment.pngExample of profit and loss statement with notes

Forms

Profit and Loss Statement (SU580)

Calculators

\\INTERNAL.DEPT.LOCAL\Shared\NAT\SERDELEXCEL\WORKPRODIMP\Operation Blueprint Migration\RDT Release Icons\32w\icon-attachment.png Interim profit and loss calculator for trusts and companies

\\INTERNAL.DEPT.LOCAL\Shared\NAT\SERDELEXCEL\WORKPRODIMP\Operation Blueprint Migration\RDT Release Icons\32w\icon-attachment.png Interim profit and loss calculator for sole traders and partnerships