Which of the following names is not associated with the Statement of Profit and Loss?

P & L

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Statement Of Financial Position

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Statement Of Operations

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None of these

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Solution

The correct option is B
Statement Of Financial Position

Fixed assets is not associated with the statement of profit and loss.

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Similar questions

Particulars	Note No.	31st March, 2019 (₹)	31st March, 2018 (₹)
I. Income
Revenue from Operations (Net Sales)		3,00,000	2,50,000
II. Expenses
Cost of Materials Consumed		1,20,000	1,00,000
Changes in Inventories of WIP and Finished Goods		(2,000)	5,000
Employees Benefits Expenses (Wages)		30,000	25,000
Other Expenses		22,000	20,000
Total		1,70,000	1,50,000
III. Net Profit (I-II)		1,30,000	1,00,000

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