What is Adjusted Profit and Loss Account?

 Adjusted Profit and Loss Account?

Adjusted Profit and Loss Accounting

            Determination of Fund from Operation by adjusted profit and loss account. An adjusted profit and loss account is prepared by debiting all the non-cash expenses, non-operating losses and non-operation expenses with net profit whereas, all the non-operation revenues, gain, and incomes are credited to an adjusted profit and loss account.

Statement of Change in Working Capital?

            The Statement of Change in Working Capital shows the net change in working capital over the time period of operation. Preparing the statement of change in working capital is one of the easiest financial statements to do. Recall that working capital is the difference between current assets and current liabilities.