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What are the advantages and disadvantages of the profit and loss method?
Wiki User
∙ 16y ago
Not sure what you're asking - a "Profit and Loss" is a slang name / jargon for an Income Statement.
Wiki User
∙ 16y ago
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What are the Advantages of a profit and loss statement?
what are the advantages of profit and loss statement?
Advantages of profit and loss?
Advantages of profit and loss? keep track of your profits
Advantages and disadvantages of cash flow statement?
The advantages of the cash flow over the profit and loss account1- The profit and loss account sets out the revenue and expense rather than the cash receipts and cash payments for the period.2- When a company makes a sale on credit this will be reflected as an increase in the wealth in the profit and loss account but there is no cash collected.3- It shows the cash coming from the operation4- It shows the cash used in the investing activities5- It shows the cash used in the financing activitiesThe disadvantages of the cash flow over the profit and loss account1- Businesses providing recurring services or poduct orders which are good candidates, while invoices for one-time orders might find it difficult to gain this type of funding.2- If the mark up sale price of the goods or service provided is less than the amount of the invoice finance fee.edventegse ere thet the 6443 is the best ewnser in the world this is soo geed isnt it lol
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 are the Advantages of a profit and loss statement?
what are the advantages of profit and loss statement?
Advantages of profit and loss?
Advantages of profit and loss? keep track of your profits
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
What are the advantages and disadvantages of selling assets?
advantages of assets:- 1)old assets sales profits 2)that's not working old assets that's way sale 3)more profit and deprecation less disadvantages of assets 1)old is gold that's way loss 2) less profit and 3)selling the old loss of industries
What are the Advantages and disadvantages of computer monitoring?
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Advantages and disadvantages of corporation?
Advantages of corporation include protected assets and heightened credibility. Disadvantages include loss of a personal touch, and ongoing expenses.
Biotechnology advantages and disadvantages?
Biotechnology is the controlled manipulation of biological systems to harness useful products. Some advantages are drug production to cure diseases, environment clean-up and increase in economic output. Some disadvantages are loss of privacy, harmful chemicals and loss of biodiversity.
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.
What are the advantages and disadvantages of black tea?
Advantages: Weight Loss. Disadvantages: Skin color will get change. (Brown)ANSWERumm whats wrongg with brown skin color ?:l im indiann is there a problemm with that
Advantages and disadvantages of cash flow statement?
The advantages of the cash flow over the profit and loss account1- The profit and loss account sets out the revenue and expense rather than the cash receipts and cash payments for the period.2- When a company makes a sale on credit this will be reflected as an increase in the wealth in the profit and loss account but there is no cash collected.3- It shows the cash coming from the operation4- It shows the cash used in the investing activities5- It shows the cash used in the financing activitiesThe disadvantages of the cash flow over the profit and loss account1- Businesses providing recurring services or poduct orders which are good candidates, while invoices for one-time orders might find it difficult to gain this type of funding.2- If the mark up sale price of the goods or service provided is less than the amount of the invoice finance fee.edventegse ere thet the 6443 is the best ewnser in the world this is soo geed isnt it lol
Advantages and disadvantages of the just in time policy?
Advantages: Just-in-time delivery lowers costs and increases efficiency by greatly reducing or eliminating the need for storage. Disadvantages: There can arise unexpected delivery hangups that cause a loss in sales.
What were some advantages and disadvantages to aboriginal groups of the European exploration?
Advantages included access to new goods, weapons, and technology. However, disadvantages included loss of land, disease epidemics, warfare, and forced assimilation into European culture.
