Shri Vile Parle Kelavani Mandal’s

Narsee Monjee College of Commerce and Economics (Autonomous)

A.Y 2022-2023
Name of the Course: Management Accounting and Auditing - I
S.Y.B.COM
Semester - III

Title of the Project/Assignment

Case Study of Grasim Limited

Submitted by:

Sr. No. Full name SAP ID Division Contact Marks

of the Number Roll No. Number
learners
1 Rahil Shah 4520821014 F026 8879768255
3
2
3
4
5

Teacher in Charge:
 Table of Contents

Sr. No Particulars Name Pages

1 Rahil Shah
2
3
4
5

Plagiarism Report
 Introduction

The phrase "profit and loss" (P&L) statement" refers to a financial statement that lists
the receipts, outlays, and costs for a given time frame, typically a quarter or fiscal year. These
documents reveal if a business can produce profit by raising sales, cutting expenses, or doing
both. P&L statements are frequently displayed using the cash or accrual method. P&L
statements are used by investors and corporate managers to assess a company's financial
condition.

Along with the balance sheet and the cash flow statement, the P&L statement is one
of the three financial statements that every publicly traded company releases on a quarterly
and annual basis. Given that it displays the amount of profit or loss a business made, it is
frequently the most well-known and frequent financial statement in a business plan.

P&L statements are also known as the following:

 Statement of profit and loss

 Statement of operations
 Statement of financial results or income
 Earnings statement
 Expense statement
 Income statement

Vertical Income statement is a detailed income statement which details the various
income sources according to their importance and shows a relative figure to a
comparative year/quarter/ time period taken into consideration. It further shows a column
indicating increase or decrease in current period with respect to the period taken into
consideration, also showing it on a percentage basis taking the period taken as
comparison as the denominator.