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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.
Peachtree is a very good bookkeeping software that can be used by not for profit businesses. It will work very nicely.
Stock would be expenses to the profit & loss account (P&L) when: * It was used, or * It had no economic value
Depreciation is the allocation of the portion of assets value to fiscal year in which it is used it is charged to profit and loss account because it is that portion of asset value which is expensed and expenses are shown in profit and loss account.
profit and loss summary
Operating expense is a loss, but is used in calculating overall profit.
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.
Peachtree is a very good bookkeeping software that can be used by not for profit businesses. It will work very nicely.
The profit and loss account is the account that can be used to calculate the net loss.
Stock would be expenses to the profit & loss account (P&L) when: * It was used, or * It had no economic value
What type of software could be used for each of the followingcalculating household income and spending?
Depreciation is the allocation of the portion of assets value to fiscal year in which it is used it is charged to profit and loss account because it is that portion of asset value which is expensed and expenses are shown in profit and loss account.
profit and loss summary
Schedule C is used to report profit or loss from business.
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.
The income of a country can be calculated by three different procedures. The products produced, domestic profit and the amount spent.
usually its calculating based on the equipments and labor and raw materials used. How they profit from their clients and the quota they give for the whole construction.