Posts Tagged ‘Basics’
What is Humanities?
Posted by: bsaikrishna on: August 20, 2011
Basics of a Balance Sheet
Posted by: bsaikrishna on: July 2, 2010
Balance Sheet of a Company: A balance sheet gives the picture of assets and liabilities of the company as on the last minute of 31st March YYYY. So, many times the balance sheet of a company appears better than what it is in real. Sometimes, companies will request all debtors to clear the outstandings just [...]
Profit & Loss Statement of a Company
Posted by: bsaikrishna on: July 2, 2010
- In: Finance | Uncategorized
- 1 Comment
Profit and Loss Account Statement (P&L Statement): 1. Profit = Sales – Costs 2. So, you basically have two entities: Sales and Costs. The other names used to refer to Sales are: Fees, Income, Sales, Revenue, and Turnover. The other names used to refer to Costs are: Expenditure. 3. Classification of Costs or [...]
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