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What else can I help you with?
Is carriage inwards part of a profit and loss account?
Yes, it would go in Cost of Goods Sold.
Whats is the Journal entery for costs of issuing stock?
Debit Capital stock xx Credit Cash xx Generally you would offset costs of issuing common or preferred stock against the similar equity account.
What is lost depreciation tax shield?
Lost depreciation tax means that loss of that tax amount which could be saved if there would be depreciation expenses in profit and loss account which will reduce the profit and hence the tax as well.
Is retain earning account is equal to profit or loss?
Profits and losses are determined via the income statement. When you close out the books for the year that profit or loss gets closed and becomes part of the retained earnings. A loss would decrease retained earning and a profit would increase it. Loosely put, the retained earnings account is a cummulation of all the profits and losses over the years (not counting any other things that affect the bottom line like dividends paid out and such)
What is taxable profit?
TAXABLE PROFIT should be your NET PROFIT from your business operations because that would be that amount that would be subject to all of the different taxes that you would be liable for on your NET profit from your business operation.
Under what heading would fixed assets show on a profit-loss account?
They do not reflect in the profit loss account at all.
What would you find on a profit and loss account?
In profit and loss account normally list all in the revenues and expenses and profit or loss for any particular fiscal year of company.
A share of stock in the Lofty Cheese Company is quoted at 25.25 Suppose you hold 30 shares of that stock which you bought at 20.25 If you sell your stock at 25.25 what is true?
If you bought the stock at 20.25 and sold it for 25.25 you would have made a profit of 5 per share for a total of 150.
Why would a ltd change into plc?
because they can make more profit on it on the stock market.
How do you work out a gross profit percentage?
gross profit divided by sales Sales = 250000 Cost = 100000 gross profit = 150000 150000 / 250000 = 60%
Why did people joint stock companies?
if the company achieved the profit, each shareholder would recieve a portion of that profit, based on the number of shares owned.
What is the effect on net profit if opening stock is undervalued?
If Opening Stock is undervalued, this will result in your Cost of Sales being understated and therefore Gross and Net Profit being overstated. Of course, since Opening Stock in this period is the last period's Closing Stock, this would mean that Closing Stock in the last period was understated too, meaning that Net Profit in the last period was understated. That doesn't make it OK though!
What should you do if your stocks are giving you negative profit?
If the stock is consistently giving you a negative profit, sell it. Why would you want to keep losing money? Just get rid of it.
Why did people form joint stock-companies?
if the company achieved the profit, each shareholder would recieve a portion of that profit, based on the number of shares owned.
How do you find out if you have dividends from sale of stock?
You do not get dividends from selling stocks. Either you get a profit by selling stocks or you get dividends by holding them. Anyways, to check if you have received a dividend, check the bank account that is linked to your share trading account. The money would have deposited in your account by online transfer (In 90% cases) If not, the money would reach you as a cheque or a draft within 10 days of dividend declaration.
How do you know how many shares of stock you own?
i would like to open a new account
How is preferred stock different from common stock?
Well, preferred stock benefits a company more than a common stock would because it has special benefits for the company. They also help generate more profit for businesses and companies or corporations.
