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Advantages and disadvantages of trading profit and loss account?
Wiki User
∙ 10y ago
: 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
Wiki User
∙ 10y ago
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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.
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 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.
What are the final statements of the business?
final statements are trading account,profit and loss account,balance sheet.
Where do creditors go on a profit and loss account?
Creditors do not typically appear on a profit and loss account. A profit and loss account only includes revenue, expenses, and net profit or loss. Creditors are typically listed on a company's balance sheet under current liabilities, which reflects the amount owed to them at a specific point in time.
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 commission is payable on transactions?
in the trading and profit and loss account where do i put commission payable
How is carriage inward treated in a trading and profit and loss account?
it is added to the cost of sales
