PROFIT AND LOSS

Hi DijanaCDG, 

Welcome to the Community Forum. 

 

Just to clarify, taxes are typically accounted for in the 'other expenses' section of a profit and loss statement, rather than being included as income or part of the cost of sales. However, it's important to note that financial practices can vary, so it's always a good idea to consult with a financial advisor or accountant for specific business-related financial questions.

 

Please don't hesitate to reach out if you need any further assistance.

 

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Thanks,

Genreve