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What else can I help you with?
Why you prepare profit and loss account?
as simple as that to know the net profit or loss from business in an accounting period. for more about financial accounting visit indianaccounting.blogspot.com
How do I calculate simple profit and loss?
Profit or loss = income - expenses. A positive number is profit, a negative number is loss.
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 limitations of profit and loss account?
"What are the limitations of profit and loss account?"
What are the Advantages of a profit and loss statement?
what are the advantages of profit and loss statement?
How does piracy affect business?
it makes the legitimate business owner to make no profit and when the profit decline, workers loss their jobs
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
Advantages of profit and loss?
Advantages of profit and loss? keep track of your profits
When was Profit from Loss created?
Profit from Loss was created on 1915-10-15.
