By preparing Receipts & Payments Account, Income and Expenditure Account and a Balance sheet.
how to prepare the forecast report of profit and loss account with balancesheet
profit is when the company is making money and a loss is the company is not making money.
in other to know if a business is making profit or not.
as simple as that to know the net profit or loss from business in an accounting period. for more about financial accounting visit indianaccounting.blogspot.com
For profit organizations that exist to make money as opposed to non profits who exist to meet a community need.
An important point to remember is that the principles of allocation are the same for for-profit and not-for-profit organizations. The only difference is that the cost objects will be dissimilar.
"The concept of competitive advantage is as important for non-profit organizations as it is for profit organizations". Do you agree with this statement or not? Explain with examples to justify your answer. "The concept of competitive advantage is as important for non-profit organizations as it is for profit organizations". Do you agree with this statement or not? Explain with examples to justify your answer.
Governmental entities such as states are not "organizations" per se. They are definitely not for profit.
The concept of competitive advantage is as important for non-profit organizations as it is for profit organization?
a. relationship between IMC processes and marketing strategy in profit and not-for-profit organizations.
Organizations do many things. Even non profit organizations need money to operate and accomplish things. For profit organizations need money to perform a service as well as to make a profit.
profit & loss appropriation accounts are prepared after profits. Basic purpose is to show how the profits are distributed.NOT only profits but also concerned losses.