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What is the the meaning of unrealised loss or unrealised profit in accounting terms?
UNREALIZED INCOME (paper profit) is profit which has been made but not yet realized or collected through a transaction, such as a stock which has risen in value but is still being held. also called unrealized gain or unrealized profit or paper gain or book profit. UNREALIZED LOSS is a term that commonly refers to the write-down of an investment portfolio resulting from applying the lower of cost or market value on an aggregate basis. On a short-term portfolio, the unrealized loss is shown on the income statement. On a long-term portfolio, the unrealized loss is presented as a separate item in the stockholder's equity section of the balance sheet. Capzper
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What is substance over form in accounting terms?
is a principal of accounting meaning means fully covered accounting satatements.
What is the meaning of the abbreviation 'PNL' in terms of business?
profit and loss
What does net mean in accounting terms?
Net is the final figure after you've taken expenses off. For instance net wages is wages after tax and other deductions. Net interest is after tax is taken off. Net profit is gross profit after overheads have been deducted.
Since financial information is communicated in accounting terms. Accounting is said to be?
Language of business
What does debit mean in accounting terms?
take away from
What is substance over form in accounting terms?
is a principal of accounting meaning means fully covered accounting satatements.
What is the meaning of the abbreviation 'PNL' in terms of business?
profit and loss
What is a tax loss?
In accounting terms, the tax loss is a loss that can be adjusted against a taxable profit figure in earlier period of trading.
What is the meaning of recording in accounting?
Recording in terms of accounting means keeping track of all transactions such as expenditure. Records are kept in books like day books i.e purchases day books, purchases returns books, balance sheets, trading profit and loss accounts and trial balances etc.
How would one describe 'profit' in accounting terms?
Profit can be described as the money one has left over after all costs have been paid. For example, if you buy an apple for $2 and sell that same apple for $3, you have made $1 profit.
What is customer profit?
Customer profit is in terms of quality & price
What does net mean in accounting terms?
Net is the final figure after you've taken expenses off. For instance net wages is wages after tax and other deductions. Net interest is after tax is taken off. Net profit is gross profit after overheads have been deducted.
Where could one buy a dictionary of accounting terms?
You can purchase a dictionary of accounting terms from retailers such as Amazon. Once on the website, type "Dictionary of Accounting Terms" into the search field at the top of the page and press enter to bring up the item.
What the meaning of if you die in debt you have made a profit?
Profit is when you increase the amount of money you have at someone else's expense. If you die in debt, then the money that you owe will never be repaid - so in terms of your life, you have made a net profit. You have received money that you will never repay.
Since financial information is communicated in accounting terms. Accounting is said to be?
Language of business
What does debit mean in accounting terms?
take away from
What does appreciation mean in accounting terms?
Great value.
