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What is a sales account?
A sales account is the account that actually records a company's profits. The account is normally taken after all employees are paid and all company expenses are doled out.
Can capital redemption reserve account be created out of securities premium account?
No. CRR should be created out of divisible profits only
Is the dividends account is an example of an expense?
No, the dividends account is not considered an expense. Dividends represent a distribution of a company's profits to its shareholders and are recorded as a reduction in retained earnings on the balance sheet. While they reduce the amount of equity, they do not affect the company's net income or operating expenses.
Where does commission paid go when trading and profit and loss account?
When trading, the commission paid typically goes to the brokerage firm facilitating the transaction. This cost is deducted from the trader's profits or added to their losses, impacting the overall profit and loss account. In essence, commissions reduce the net gains from successful trades and increase the losses from unsuccessful ones. Consequently, they are an essential consideration in evaluating the overall performance of a trading strategy.
What accounts increase the capital account?
Capital account increases when capital is introduced, shares are issued, increase in retained profits, etc.
What do you mean by surplus account?
A surplus account is the accumulation of undivided profits.
How can I sell to close a call option before its expiration date?
You can sell to close a call option before its expiration date by placing an order to sell the option through your brokerage account. This allows you to exit the position and realize any profits or losses before the option reaches its expiration date.
Happy meals account for what percentage of McDonald's profits?
40%
What is bank customers share of the profits made on loans?
Savings account interest is the bank customer's share of the profits made on loans.
Why do you prepare a profit and loss appropriation account?
profit & loss appropriation accounts are prepared after profits. Basic purpose is to show how the profits are distributed.NOT only profits but also concerned losses.
What is a sales account?
A sales account is the account that actually records a company's profits. The account is normally taken after all employees are paid and all company expenses are doled out.
Profit and loss appropriation account uses meaning?
details of profit and loss appropriation account Profit and loss appropriation account is prepared after profit and loss account..It s a account where the profits earned by the company is brought in from profit and loss accont and it s distributed to various accounts like interim divident account, provision for taxiation account, general reserve account etc.....it s a account which shows how the profits are distributed in an organisation.....
Can capital redemption reserve account be created out of securities premium account?
No. CRR should be created out of divisible profits only
Is the dividends account is an example of an expense?
No, the dividends account is not considered an expense. Dividends represent a distribution of a company's profits to its shareholders and are recorded as a reduction in retained earnings on the balance sheet. While they reduce the amount of equity, they do not affect the company's net income or operating expenses.
Where does commission paid go when trading and profit and loss account?
When trading, the commission paid typically goes to the brokerage firm facilitating the transaction. This cost is deducted from the trader's profits or added to their losses, impacting the overall profit and loss account. In essence, commissions reduce the net gains from successful trades and increase the losses from unsuccessful ones. Consequently, they are an essential consideration in evaluating the overall performance of a trading strategy.
Are forex signals useful in making profits?
Forex signals can be useful not only in making profits, but also in learning how to make profits consistently. Signal providers you shoul dask for their live myfxbook account. This shows how well they trade, percent of wins/losses, live money, growth of account, etc.
Are damages for lost profits considered expectation damages?
Yes, but you must ask yourself, how do you quantify lost profits with certainty?
