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How does prepaid expense and accrued expense affect the profit of a business?
it will either increase or decrease profit. Prepaid expense should increase profit as the amount has been overstated.
What does monthly profit mean?
a monthly profit means to make a profit every month in a company.
What is the formula of income statement?
Profit = income - expense
Is sales revenue an expense or asset?
Sales is a revenue not an expense or asset while difference between sales and expense is profit which is liability for business.
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.
How does prepaid expense and accrued expense affect the profit of a business?
it will either increase or decrease profit. Prepaid expense should increase profit as the amount has been overstated.
What does monthly profit mean?
a monthly profit means to make a profit every month in a company.
Is operating expense on Profit and Loss?
Operating expense is a loss, but is used in calculating overall profit.
Is Adams and associates job corps profit or non profit?
They profit off the government at the expense of the disadvantaged.
What is the formula of income statement?
Profit = income - expense
What statement have selling expense?
Profit and Loss Statement
What is a synonym of Value?
price, cost, expense, profit
Is sales revenue an expense or asset?
Sales is a revenue not an expense or asset while difference between sales and expense is profit which is liability for business.
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.
Best monthly profit scheme in Pakistan?
u can earn on monthly basis visit www.monthlybusinesstimes.com
What is it called when you have more expense than profit?
It's not called anything. If by profit you mean revenues. Then it is called a loss.
Under the allowance method Bad Debt Expense is recorded?
Under the allowance method bad debt expenses are charged to allowance for bad debts accounts instead of profit and loss account because profit and loss account is already charged with the allowance amount created.
