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Q: How doe system a heathcare system post a net income while incurring an operating loss?
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What is a progressive tax system?

a tax system that takes a larger proportion of income from high income people than from low income people


Schedular system of taxation in the Philippines?

A schedular tax system disaggregates income into components such as labor income, dividends and royalties and then separately applies tax rates and exemptions. separate graduated rates are imposed on different types of income


In a progressive tax system as income increases the percentage paid?

increases


Does bank over draft go on an income statement?

Bank over draft is not part of income statement in accrual based accounting system as it is the cash inflow not any income or expense.


Income statement concentrates on operating part while fund flow statement throws light on the activities and direction of operations. comment?

Income Statement I/S focuses on how the company recognized income, according to the rules of income recognition under a particular system (GAAP, Tax, or Internation Financial Reporting standards). This statement separates the income according to operations, financing and extraordinary items. So, for example, one can see gross and net profit from operations and then financing items like depreciation, interest expenses, and taxes in second part.Cash flow is the use and sources of cash funds during the operating period... and remember that Cash is king, since a company that is collecting more cash than spending can stay in business. One showing I/S earnings but not collecting cash is doomed to fail.

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Software that controls the computer's basic functions is called an operating system?

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