Profit before tax is the main value that is determined when drawing up the profit and loss statement in form No. 2. It consists of the company's income from sales minus the amounts of operating and unrealized expenses and income.
Instructions
Step 1
Calculate the amount of operating income and expenses, which reflect the receipts and payments of the company, which are caused by the conduct of business, production and financial transactions during the reporting period. Operating income includes sales revenue, receipt of rental payments, interest on deposits and loans issued, commissions and other cash receipts. Expenses are characterized by the monetary costs of manufacturing products, managing the company, paying taxes, paying interest on loans, selling goods, and so on.
Step 2
Determine the amount of unrealized income and expenses of the enterprise. These include: paid and received fines, penalties, penalties and other economic sanctions; interest and income received from the amounts held in deposit and settlement accounts; exchange differences; written off receivables and payables; losses from natural disasters; legal costs; profits and losses of previous years and so on.
Step 3
Enter operating and unrealized income and expenses in the corresponding lines 060, 070, 080, 090 and 100 of the profit and loss statement in the form No. 2.
Step 4
Calculate the profit or loss of the company received for the reporting period from sales. To do this, fill out a report on form No. 2. In line 029 indicate the gross proceeds equal to the sum of the values indicated on the credit of account 90.1 “Revenue” after deducting taxes, excise taxes, customs duties and the cost of goods sold. In line 030 the business expenses of the enterprise are entered, and line 040 - management. After that, line 050 indicates the amount of profit from sales, which is equal to line 029 minus lines 030 and 040.
Step 5
Find profit before tax and record the result on line 140 of the report. To do this, add lines 060, 080 and 090 to the value of line 050 and subtract lines 070 and 100.
