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People who give Discounts on their shops just try to fool us. But the reality is that they make profit even by giving discounts .ìt is done by fixing the net price much higher than the cost price and then they offer the discount accordingly
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∙ 9y ago
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Do provisions for loan loss go in the balance sheet or profit and loss?
Profit and Loss.
How do I Find the incremental profit or loss?
The incremental profit or loss is the change in profit or loss over the designated time period. After calculating the profit or loss, for example on a monthly basis, the delta between that and the average monthly profit or loss from the prior year can be determined.
What is the difference between profit and loss account and profit and loss appropiation account?
Profit and loss accont is used to calculate the profit or loss of business while profit and loss appropriation account is used to allocate or distribute net income or loss to share holders or different reserves account.
What are the Advantages of a profit and loss statement?
what are the advantages of profit and loss statement?
Advantages of profit and loss?
Advantages of profit and loss? keep track of your profits
How do I calculate simple profit and loss?
Profit or loss = income - expenses. A positive number is profit, a negative number is loss.
Why profit and loss account is called as profit and loss account and why not profit or loss account?
Tradition, and the need to call it something.
Do provisions for loan loss go in the balance sheet or profit and loss?
Profit and Loss.
How do I Find the incremental profit or loss?
The incremental profit or loss is the change in profit or loss over the designated time period. After calculating the profit or loss, for example on a monthly basis, the delta between that and the average monthly profit or loss from the prior year can be determined.
What is the difference between profit and loss account and profit and loss appropiation account?
Profit and loss accont is used to calculate the profit or loss of business while profit and loss appropriation account is used to allocate or distribute net income or loss to share holders or different reserves account.
What are the Advantages of a profit and loss statement?
what are the advantages of profit and loss statement?
What are the limitations of profit and loss account?
"What are the limitations of profit and loss account?"
Advantages and disadvantages of trading profit and loss account?
: Profit and loss account gives the actual information about net profit or net loss of the business for an accounting period, Profit and loss account gives the actual information about indirect expenses, Profit and loss account serves to show the ratio between net profit to sales, Profit and loss account helps in showing the ratio between net profit to operating expenses, Profit and loss account helps in controlling indirect expenses
If the income of a business exceeds its costs the money that remains is called the?
profit
What is the formula for calculating loss?
You calculate loss the same as you would do profit income minus expenses (outgoings) = profit/loss If the answer is negative then you are making a loss, if the answer is positive then you are making a profit.
What do you mean by credit balance in profit and loss Ac?
credit balance in profit and loss a/c is loss
What is debit balance of profit and loss account?
Debit balance of Profit & Loss Account represents "Loss"
