Adapt sentence in the Profit and Loss Statement

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How to Adapt sentence in the Profit and Loss Statement

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[Music] [Applause] [Music] hey guys Chris from adapt tuition here and today were gonna be talking about how to prepare the trading account in your income statement all right so what is the trading account the trading account is an account that shows you the gross profit from your trading activities well whats trading why do people start businesses people start businesses to make a profit like gary said in another video but thats not the only reason to start a business right we there was our only syllabuses action aspect called non profit organizations but we dont want to drift too much into the different reasons for starting business most people start businesses to make profit now how do you know what what you do right well most people sell items they buy items and resell them to make a profit and I want you to think about math for a second right its a very simple formula in consumer arithmetic to calculate profit and at selling price minus cost price and all the trading account

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