At the end of the reporting year, the accountant of each company fills out a profit and loss statement. This document is filled in according to form No. 2, approved by law.
It is necessary
computer, internet, A4 paper, printer, balance sheet accounts data, calculator
Instructions
Step 1
Enter your taxpayer identification number and tax registration code for your business on the report form.
Step 2
Calculate the difference between the credit turnover of the “Revenue” subaccount of account 90 and the debit turnover of the “Value Added Tax”, “Excise”, “Export Duties” subaccounts of account 90 and fill out the line of the report “Revenue (minus VAT and excise taxes)”. You must enter the amount of revenue for the tax period of the reporting year and the corresponding tax period of the previous year.
Step 3
Calculate the debit turnover on the "Cost of sales" subaccount of account 90, calculate the difference between the actual and standard cost price and fill in the "Cost of sales" line. If the amount of the actual cost price exceeds the standard amount, then the actual cost price is added to the cost price turnover, if it is lower than the standard cost price, then it is deducted from the cost price turnover. Similarly, the amount of the cost price for the reporting year and the previous one is filled in.
Step 4
Calculate the difference between the revenue of the organization and the cost of sales and fill out the line of the report "Gross Profit" for the tax period of the reporting year and the same period of the previous year.
Step 5
Calculate the amount of commercial and administrative expenses of the enterprise for debit turnover at cost in correspondence with 44 and 26 accounting accounts. Fill in the lines of the report for the reporting year and the previous year.
Step 6
Calculate the sales profit by subtracting the cost of sales, selling and administrative expenses from the company's revenue. Complete the appropriate line in the report for the reporting year and the previous year. If the value turned out to be positive, respectively, the company received a profit from its activities, if negative - a loss, which must be entered in the line with a minus sign and entered in parentheses.
Step 7
Fill in the line “interest receivable” from the debit turnover of the corresponding subaccounts on account 91, “interest payable” from the credit turnover of the subaccounts of the same account, which reflects the interest payable. The data for filling in the line "other income" take from the credit turnover of the sub-accounts of account 91, which reflects the other income of the organization without VAT, to fill in the line "other expenses" - from the debit turnover of the sub-accounts of the same account, which reflects the other expenses of the enterprise, "income from participation in other organizations "- from the credit turnover of the corresponding sub-accounts of account 91.
Step 8
The line "profit before tax" is calculated as follows: interest income, income from participation, other income are added to profit from sales, then interest payable and other expenses are deducted.
Step 9
The amount of income tax payable to the state budget is calculated. Net profit is calculated as the difference between the amount of profit before tax and the amount of tax.
