Account of profits and losses
This may seem obvious to define just exactly what account of profits and losses. But, of course, these definitions like all the rest. Profits can be different things, first. It is sometimes called net income or net profit. Companies that sell products and services generate profits from the sale of these products or services and manage the costs associated company running. Profit can also be called return on investment, or ROI. While some definitions ROI return on investment in securities such as shares or obligations limited, often used this term to refer to the results for the short term and long term. Profit is also known under the name of taxable income.
It is the responsibility of accounting and finance professionals to assess the gains and losses of a business. They must know what both fact and that the results of the two sides of the equation of the company. They determine the net salvage value of a company. The net value is the amount resulting from the deduction of the liabilities of a company of the assets. In a publicly traded company, this capability, also called for something that remains after all the invoices are paid, simply, it belongs to the owners. This benefit is a company listed, returned to the shareholders as dividends. In other words, all obligations of the first application of the company makes money. All that remains is profit. It is not derived one element or another. The net value is determined after deduction of all the obligations of all the property, including cash and property.
A profit, or a positive number appear on the balance sheet is, of course, the purpose of each company. This is what our economy and our society are built. It does still work this way. Economic trends and consumer behaviour change and it is not always possible to predict this and the income they have on the performance of a company.
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