Tag: meaning, need and format of profit and loss account
Questions Related to meaning, need and format of profit and loss account
Which of the following is correct?
While calculating operating profit, the following are not taken into account:
If the total of the credit side of the profit and loss account is more than the total of the debit side, the difference is the net profit.
The companies globalize their operations through defficient means ________________.
Which of the following statements is true in case of Joint Venture?
___________ is the part of income statement, which is prepared to ascertain the profit/loss for a given accounting period.
The ___________ measure net profit/loss by matching revenues and expenses according to the accounting principles.
While calculating operating profit, which of the following is not taken into account?
While calculating operating profit, the incomes and expenses of purely financial nature are ________into account.
_______ profit is the profit earned through the normal operations and activities of the business.