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Preparazione del conto profitti e perdite di riepilogo

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  • Note di Apprendimento
  • Revisione degli argomenti
    Gabriel O.
    ML
    Gabriel O.

    companies or corporations use the profit and loss account statement to determine the financial health of the organisation, which also help them prepare for the tax year.

    Wendy C.
    AU
    Wendy C.

    After closing the accounts, post them to the Profit and Loss summary account. This is done through the general journal.

    Samuel F.
    ZA
    Samuel F.

    What is the profit and loss statement?

    Harrison A.
    AT
    Harrison A.

    Firms or organisations will examine the profit and loss statement to determine profit ratio,to examine selling prices and costs,to compare wage expense from month to month and to set advertising ,purchasing and invetory budgets .Organisations uses the profit and loss report throughout the year to track the financial health of their business activities,and also help them prepare and plan for tax year .

    Harrison A.
    AT
    Harrison A.

    What is general ledger ?

    Zachary B.
    US
    Zachary B.

    What does preparing the profit and loss summary account mean?

    Diamond T.
    US
    Diamond T.

    What is the profit and loss statement?

    Douglas R.
    US
    Douglas R.

    Keep on with the information.

    Ardian R.
    flag-default-icon
    Ardian R.

    At the end of a period, accountants will perform closing entries. The closing entries reset the monetary balance on temporary accounts so the account will start at $0 for the next period. Profits and losses are closed to a revenue summary account.

    Erick V.
    PE
    Erick V.

    El balance general de perdidas y ganancias finalmente establecerá la rentabilidad del periodo y realizara los cambios pertinentes para mejorarlo o evitar perdidas si fuera el caso

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