0
What else can I help you with?
In the feudal system a tithe represented what part of a peasant's income?
They had to pay 10% of their income or crops
In the feudal system a tithe represented what part of a peasants income?
They had to pay 10% of their income or crops
What are tax write offs?
"Write offs" are slang for items that you deduct from your tax income or obligations. For example, if you have investment income of $100 but have a loss of $10 you can "net" the loss against the income. Or, as another example, if you pay fees of $12 for your IRA account, that fee is allowed to be "written off" the income.
If net income is zero do you have a loss in your business?
Net Income zero means firm has at no profit no loss position and it does not means loss to company.
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.
How can one determine the net income loss of a business?
To determine the net income loss of a business, subtract the total expenses from the total revenue. If the result is negative, it indicates a net income loss.
What vegetable crops provide the best income?
Answer Tomatoes
When is income summary a net loss?
when net income is zero
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.
How can we determine the net income (loss) for the period?
To determine the net income (loss) for a period, subtract total expenses from total revenue. If the result is positive, it is net income. If the result is negative, it is a net loss.
How do you do the income summary?
If there is a net income, debit Income Summary. If there is a net loss, then credit it.
How to find the net income loss for a business?
To find the net income or loss for a business, subtract total expenses from total revenue. If the result is positive, it's net income; if negative, it's a net loss.
