6

C hAp t e r

Your Profit and Loss Forecast ............................................................................................

Introduction .............................................................................................................................................................. 10 2

What Is a Profit and Loss Forecast? ............................................................................................................... 102

Determine Your Average Cost of Sales ...................................................................................................... 103

Complete Your Profit and Loss Forecast ................................................................................................... 106

Review Your Profit and Loss Forecast ...........................................................................................................119

Your Profit and Loss Forecast and Income Tax Return ............................................................119