0
What else can I help you with?
What is the opposite of a profit?
The opposite of a profit is a loss (negative profit).
If the income of a business exceeds its costs the money that remains is called the?
profit
How do I calculate simple profit and loss?
Profit or loss = income - expenses. A positive number is profit, a negative number is loss.
how does income and expenses account difference from Profit and Loss Account?
Income and expense for not for profit organisations is same as profit and loss account but they cannot use the name profit and loss account because not for profit organisations are not formed to earn profit.
How do I Find the incremental profit or loss?
The incremental profit or loss is the change in profit or loss over the designated time period. After calculating the profit or loss, for example on a monthly basis, the delta between that and the average monthly profit or loss from the prior year can be determined.
When calculating gross profit is the debit side a profit or loss?
profit
Advantages and disadvantages of trading profit and loss account?
: 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 are the limitations of profit and loss account?
"What are the limitations of profit and loss account?"
What are the Advantages of a profit and loss statement?
what are the advantages of profit and loss statement?
Do provisions for loan loss go in the balance sheet or profit and loss?
Profit and Loss.
What is the difference between profit and loss account and profit and loss appropiation account?
Profit and loss accont is used to calculate the profit or loss of business while profit and loss appropriation account is used to allocate or distribute net income or loss to share holders or different reserves account.
What is the difference between loss and negative profit?
Loss and negative profit are same things as there is no such thing as negative profit if company spend more than its earns it has negative profit or loss.
