Some parts of a profit and loss account, part 3

While a few lines of an account of profits and losses depend on estimates or predictions, the interest of the cost of line is a simple equation. In the accounting for income taxes, can a company, however, the different methods of accounting for a number...

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12:50 AM | 0 comments

Some parts of a profit and loss account, part 1

Part of the first and most important account of losses and profits, the product of sales lines. Companies should be consistent from year to year when they pick up sales. For some companies is the time of the recognition of the revenues from sale of...

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5:19 AM | 0 comments

Some parts of a profit and loss account, part 2

Of course, profit and the cost of COGS are the two most critical components of a profit and loss account, or at least they what people initially look like. But a profit and loss account is really the sum of its parts, and they must all be carefully,...

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11:55 AM | 0 comments