Chapter 12

Corporate Profit and Loss Account

Profit and loss account depicts the financial performance of a company. It is imperative to have a sound knowledge and understanding of the corporate profit and loss accounts as reported in annual reports. This purpose is served here with the case of Nestlé India Ltd.


This chapter seeks to

  1. Elaborate the salient features of corporate vertical form profit and loss account with reference to the Annual Report of Nestlé India Ltd.

  2. Provide a detailed commentary on various accounts of income, expenditure and appropriation of profits that go into the making of the profit and loss account, ...

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