Also referred to as paper profits. They are profits that appear on you P&L. Whether they are real or not is a different topic.
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A sole proprietorship typically allows the owner to take profits directly, often treated as personal income rather than dividends. In a partnership, profits are shared among partners based on their agreement. A corporation can distribute profits as dividends to shareholders, but if no profits are made, no dividends are paid. Government corporations generally reinvest any profits back into the organization rather than distributing them.
Profits paid to stockholders are called dividends.
how are the profits divioded in a sloe trading buisness
Entrepreneurs were merchants who took risks in the hope of high profits.
A provision is a charge against the profits of a Company (or a set-aside) while a reserve is a transfer of profits. You could also call reserve a book entry, or a below the line adjustment. Provision is made irrespective of profits, for instance, a provision against Bad and Doubtful debts. A reserve is created out of, and only if there exists, profits.
That's a manufacture's question. They might not let you look at their books (book keeping books).
a) On the first Rs. 75,000 of _ Rs. 50000 or @ 90% of book profit, whichever the book profits is more b) On the next Rs. 75,000 _ @ 60% c) On the balance of _ @ 40% book profit
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Bottom-line profits
greater then economic profits,as accounting profits do not include implicit costs
SmartShop's profits have been growing at 5% per year. This year their profits were approximately $500,000. What were their profits last year?
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The answer depends on the period for which the old profits are required.
The company's profits decreased by 12%
Profits = revenues - expenses
They recieved few profits