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The trading statement is an expanded version of sales portion of the Income statement. The trading statement's main objective is to determine sales, cost of sales and gross profit. The trading statement is part of effective book keeping within the accounting discipline.
Measurement, Art & Companies
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sales cost entity gross profit year trading calculation question worth statement ratio equipment determine goods inventory left information main example
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Trading statement | is a | expanded version of sales portion of the Income statement | 0.90 | text |
| Trading statement | part of | effective book keeping within the accounting discipline | 0.85 | text |
| Trading statement | related to Ratio calculation | Often | 0.60 | section |
| Trading statement | related to Ratio calculation | This | 0.60 | section |
| Trading statement | related to Ratio calculation | The | 0.60 | section |
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