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A profit or loss statement is also known as an income statement. This financial statement summarizes a company's revenues, costs, and expenses over a specific period, providing insight into its financial performance. It indicates whether the company has made a profit or incurred a loss during that period.

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1mo ago

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Difference between equity capital and preferrence capital?

Preference share capital is that type of capital which receives the fixed percentage of profit no matter if company earns profit or loss and it has preference over all other kind of share capital. EQUITY CAPITAL is that capital which have right to profit after all other kind of liabilities payment and only receives profit if company earns profit.


What is a cash flow statement?

A cash flow statement is a document that lists all the income and expenditures of a particular financial account. It can list written checks, deposited checks, and any kind of transaction.


What kind of account is dividends?

Dividend is temporary liability account as soon as dividend is declared by corporation which ultimately closes to net profit or retained earnings account.


How cost-volume-profit analysis can assist the business management in planning and making strategic decision in its effort to increase profit?

In order to increase profit, you need to know exactly what your costs/expenditures and income ratio is. Management can not make strategic decisions that will increase cash-flow without having solid numbers to compare against the bottom line and desired profit margin. I recommend using a tool like TARI because it allows you to input all statistics relevant to your business, including both your actual and desired profit, then generates a report that clearly indicates your problem areas and the aspects of your business you should consider if you want to increase productivity, profit, and cash flow. You can read more about this kind of tool here: www.improvebusinessprofit.com. Hope that helps.


What kind of statement shows how changes and balance sheets and income accounts affect cash and cash equivalents?

A cash flow statement illustrates how changes in balance sheet accounts and income statement items impact cash and cash equivalents. It categorizes cash flows into operating, investing, and financing activities, detailing sources and uses of cash. By reconciling net income with changes in working capital and other non-cash items, it provides a clear picture of cash generation and usage over a specific period. This statement is essential for assessing a company's liquidity and financial health.

Related Questions

What kind of checks are checks which have been paid and returned with your statement?

They are known as cancelled checks as they have been paid.


What kind of statement is accepted without further justification?

What kind of statement is accepted without further justification?


What kind of statement is this 'He was really acting strangely'?

Non-Descriptive statement.


What is a good objective statement when applying for target?

A good objective statement clearly indicates that for what you are looking for i.e for which kind of job exactly you want, it also gives detail about your area of interest.


What is a yacare?

A yacare is a kind of alligator, also known as a caiman.


What is a statement credit?

What is a statement credit? It is a kind of reward, but I don't know how to use it.


Can you be denied a copy of a signed statement?

It depends on what kind of statement it is, who owns it, and what your interest is in it.


What kind of profit rates can I get from investment savings account of Emirates Islamic?

Emirates Islamic's investment savings account has good profit rates. They are given on its websites and on a quarterly basis or you could also check personally with the bank.


What kind of statement has the form If A then B?

CONDITIONAL.


You love Hitler he was kind?

This is a statement not a question


What kind of statement is its cold outside?

Observation


What is a business profit?

A non-profit business or sometimes called a non-profit organization, is a organization that does any kind of volunteer work without getting paid for the work that was done.