0
to reconcile the cash book balance with the balance on the bank statement
Wiki User
∙ 11y ago
Anonymous
To calculate the total expenses
Add your answer:
Earn +20 pts
Is gross profit is the amount that the owners of a business get to keep as profit?
Gross profit is the amount left over after all expenses have been paid. The owner or owners or share holders do get to keep that money but, part of it and probably most of it will be put back into the business to help the business grow.
How do you calculate cash flow for your home based business?
I would recommend getting an accounting software to keep track of the cash flow for your home business. That way you can record how much you are spending and receiving and you can calculate your profit.
What are the advatages of sole proprietor ship?
these are the advantages 1. the profit accrued to the business belongs to the owner of the business 2. the owner has the right to the assets of the business,if he would like to invest those assets, he needs no permission from any person. 3. the only registration of the business is its name, and not necessarily
What is smart business model?
A model which brings the most profit to the owner. This means more value for customer, less cost for the owner and highly competitive advantage to prevent competitors.
How do you calculate profit margin ratio?
net profit/sales
How does piracy affect business?
it makes the legitimate business owner to make no profit and when the profit decline, workers loss their jobs
Does a business owner get paid in the startup process of a new company?
Only if the business is making a profit and the owner chooses to pay himself.
What is uses of statistics in business organization?
easier for calculate profit
Who receives the profit from a sole proprietorship?
Either the sole proprietor or the profit may be reinvested in the business in which case the sole proprietorship.
Are drawings an apportionment of profit?
Drawings are reduction of capital as it is owner withdrawal of cash from business and it do not affect profit.
What does profit?
Profit means the difference between revenues and expenses. This left over amount is the business owner's reward for the risk they took in undertaking the business.
What meaning profit?
Profit means the difference between revenues and expenses. This left over amount is the business owner's reward for the risk they took in undertaking the business.
Why is profit important to a business owner?
Profit is an important reward to business owners since in setting up and running the business the owners are taking a risk with their money. They make nothing if the business does not generate a profit. This also applies to shareholders, since they are also the owners.
What were plantation owners usually paid?
A business owner is not paid a salary. He earns a profit.
What exactly is a lease of business?
Leasing a business is paying each month to effectively be the owner and manager of an already existing company. The profit stays with you, but a portion goes to the true owner.
Does profit add to capital?
Profit is earned by the business in fiscal year and it is part of capital of the owner that's why it increases the capital of business because owners invest money to earn profit so it is shown in capital portion of balance sheet as an addition to capital.
What term refers to the money left over after a business owner pays all expenses?
Profit
