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Do provisions for loan loss go in the balance sheet or profit and loss?
Profit and Loss.
How are the provisions for doubtful debts treated in the final accounts?
The debts are treated as expenses in the profit and loss account, being entered on the debit side of the income statement coloums.
Mention the various provisions of the companies act for preparation of profit and loss account?
Shall be so made out as clearly to disclose the results of working of the company during the period covered by the account
What is measured by profit margin?
Profit, is called the difference of amount between purchase price and sale price. Through the profit margin we come to know that how the business is running. Or, how successful (profitable) IS this business?
What is provisions entry and why do the same entry on closing year?
At the end of accounting year, an enterprise is required to prepare financials (i.e. Cash Flow Statement, Profit and loss account and Balance Sheet).Provisions are to be made for certain liabilities like sales tax, Interest on loan etc. (Those which are ascertainable today, while closing a year) but need to pay in near future (next accounting year). These accounting expenses needs to be considered while making provisions and that's why provisions are made. Provisions are made at the time closing a particular year because expenses relating to coming (next) accounting year can't be booked as expense in current books. This is why provisions are made at end of every accounting year.
Do provisions for loan loss go in the balance sheet or profit and loss?
Profit and Loss.
Difference between provision and reserve?
Provisions are charge against profit and Reserves are appropriation of profit.
What is the analogy go is to come as sell is to?
profit
How do you increase profit in a non profit organisation?
Similar to the for profit world, the way to increase profit is to reduce expenses or increase income. Non profit's income tends to come from contributed income, program fees, or grants.
Why did the traders come to Hawaii?
They came in search of profit.
Who invented quit line?
The idea of quitline is age old, but the present quitline provisions are formed by the government. Non-profit organizations and voluntary hands make it possible.
How are the provisions for doubtful debts treated in the final accounts?
The debts are treated as expenses in the profit and loss account, being entered on the debit side of the income statement coloums.
Why government go into business?
Profit motive, provisions of essential services that cannot be left in private hands and huge intial capital outlay that are beyond the reach of private investors.
Mention the various provisions of the companies act for preparation of profit and loss account?
Shall be so made out as clearly to disclose the results of working of the company during the period covered by the account
Where does most of your profit come from owning a convience store?
Customer retention
Were did profit Mohamed come from?
Mohammad was born in Makkah in the year 570
What is measured by profit margin?
Profit, is called the difference of amount between purchase price and sale price. Through the profit margin we come to know that how the business is running. Or, how successful (profitable) IS this business?
