0
What else can I help you with?
About projected balance sheet and profit and loss account?
how to prepare the forecast report of profit and loss account with balancesheet
What is the meaning of close the Profit and Loss Summary account?
profit is when the company is making money and a loss is the company is not making money.
Why you need account?
in other to know if a business is making profit or not.
Why you prepare profit and loss account?
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
What do you mean by profit making organisations?
For profit organizations that exist to make money as opposed to non profits who exist to meet a community need.
Can a spreadsheet be used to prepare a budgeted profit and loss account?
Yes, a spreadsheet can be effectively used to prepare a budgeted profit and loss account. It allows for easy organization and manipulation of financial data, enabling users to input projected revenues and expenses. Additionally, spreadsheets can perform calculations automatically, making it simple to analyze different scenarios and adjust figures as needed. This flexibility and functionality make spreadsheets a popular tool for budgeting purposes.
How are the principles of allocation different for profit and not-for-profit organizations?
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?
"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.
Why do you prepare a profit and loss appropriation account?
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.
What is schedule 6 of companies act?
Schedule 6 provides general instructions to prepare balance sheet and Profit and Loss Account
Are states not for profit organizations?
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?
The concept of competitive advantage is as important for non-profit organizations as it is for profit organization?
