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What is statement of profit or loss?
A statement of profit and loss is the business income and expense statement which sumarises the total income and expenses coming to the total profit (or loss) of the business which is the defference between the income and expenses.
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 is the business definition for profit loss statement?
The business definition of the profit loss statement is a financial statement that explains your costs, expenses and revenues in a specific time period.
When expenses are more than income is called?
Their is a LOSS of income, or loss for the business operation. You can have either a LOSS or a PROFIT or possibly break even with neither a loss or a profit.
What is the meaning of the abbreviation 'PNL' in terms of business?
profit and loss
If the income of a business exceeds its costs the money that remains is called the?
profit
What is statement of profit or loss?
A statement of profit and loss is the business income and expense statement which sumarises the total income and expenses coming to the total profit (or loss) of the business which is the defference between the income and expenses.
What is the fourmula of pnl?
Profit and Loss formulas. Profit and loss is the branch of basic mathematics which deals with the study of profit and loss made in a business transaction.
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 is the business definition for profit loss statement?
The business definition of the profit loss statement is a financial statement that explains your costs, expenses and revenues in a specific time period.
When expenses are more than income is called?
Their is a LOSS of income, or loss for the business operation. You can have either a LOSS or a PROFIT or possibly break even with neither a loss or a profit.
Where can someone get a profit and loss statement?
A profit and loss statement is a summary of how a much money a business has made over a period of time. If one has a very small business, it is possible to create one's own profit and loss statement using software, and one must send this in with the business' tax return. However, the larger the business, the more likely it is that an accountant or bookkeeper will need to create the profit and loss statement.
What is the meaning of the abbreviation 'PNL' in terms of business?
profit and loss
How does piracy affect business?
it makes the legitimate business owner to make no profit and when the profit decline, workers loss their jobs
What Is The PL Account?
The PL account is what is commonly referred to as profit and loss account. This is used to record the income and expenditure of a business so as to establish the profit or loss of the business for a given period.
What is the statement of profit or loss?
Statment of profit and loss shows all revenues and expenses of specific fiscal year and how much net income or loss generated by business.
Can you differentiate between profit and non-profit making business?
any business u making money more than your expenses thas is profit otherwise loss
