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: Profit and loss account gives the actual information about net profit or net loss of the business for an accounting period, Profit and loss account gives the actual information about indirect expenses, Profit and loss account serves to show the ratio between net profit to sales, Profit and loss account helps in showing the ratio between net profit to operating expenses, Profit and loss account helps in controlling indirect expenses
What else can I help you with?
What are cash trading advantages?
you get a certain profit as an agent , else you get the money from fluctuations in global market and respective currencies
What are the advantages and disadvantages of a business accepting cash?
Advantage- gets cash. Disadvantage- you cannot say that you are a not-for-profit orginazation.
What are the advantages and disadvantages of owning stock?
You can gain alot of money and make a profit but you can also loose alot of money.
Where do you place loan interest in the trading account and is it an expense?
As an expense, loan interest should be placed in the debit side of the Profit & Loss A/c and not in the Trading a/c.
What do you think are the advantages and disadvantages of headhunting?
Helping one company and at the same time spoiling to another Good profit but no stability
Is profit and loss account is a nominal account?
Yes. Profit and loss account is a nominal account and also trading a/c to be prepared at the end of the year.
What are the advantages and disadvantages of a free economy?
Advantages: Competition > profit > innovation. Disadvantages: higher costs for consumers there are losers risk for an entrepreneur
What are the benefits and risks of a pattern day trader?
There are many advantages and disadvantages of pattern day trading. The biggest benefit is obviously the potential for profit. Though you are subject to more rules and regulations.
Preparing departmental trading and profit and loss account?
When preparing departmental trading and a profit and loss account, expenses must be taken into account first. These include departmental expenses, and common expenses, including administrative expenses.
What are the advantages and disadvantages of a charity?
The advantages are that you can get donations to fund your charity The disadvantages of a charity are that the details are exposed to the general public. The charity does not work to make a profit.
Profit and loss account of cocacola company?
i want to analyze the trading and profit and loss account for coca cola company could you help
What are the final statements of the business?
final statements are trading account,profit and loss account,balance sheet.
What are the advantages and disadvantages of reinvested profit?
the advantages of reinvesting profits are :- -no interest rates the disadvantages of reinvesting profits are:- -only the amount of money in the business can be reinvested -dont get income from investment
What are the advantages and disadvantages of the profit and loss method?
Not sure what you're asking - a "Profit and Loss" is a slang name / jargon for an Income Statement.
What are the advantages and disadvantages of prepare a financial account?
i think that there is no disadvantages to prepare a financial account because by the financial account or report you can do many things that will help you to make adesitions to inhance your income and to make it be come a profit and if you r having a company or a firm financiak report will help you to know about the stock holders , invesetors and creditors and may be there will be an disadvantages when you prepare it by wromg way so i advice to make a financial account or report
Where do creditors go on a profit and loss account?
I'm a student myself but i don't think that you have to use creditors in a trading, profit and loss account....i think it's given for the balance sheet that you have to make after the trading, profit and loss account.
What commission is payable on transactions?
in the trading and profit and loss account where do i put commission payable
