1. Net Profit Gross profit is not the actual profit of the business. The real profit of the business is the amount which remains after deduction of operating expenses. Net…
Slide 1CHARACTERISTICS of BUSINESS and ETHICAL ISSUES UNIT 1 Did you know...? 29.6 million companies in 200899.9% small businesses 2010 – latest report indicates there…
Slide 1Final Accounts Topic 3.5 Slide 2 Purpose of Accounts Law requires these accounts. They are also a report to the shareholders, the owners of the company and all its…
PROFIT AND LOSS ACCOUNT & BALANCE SHEET PROFIT AND LOSS ACCOUNT & BALANCE SHEET By Shankar Bose Inspector of Income Tax O/o the Principal Chief Commissioner of Income…
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Ratio analysis Ratio analysis ÷ Ratio analysis is to do with the past and the firm’s past performance. Liquidity ratios: Current ratio = current assets – current liabilities…
Slide 1 Accounting Role of Accounting in Business Exploring Business Chapter 12 Thursday 9/8/11 Slide 2 Stakeholders Purpose of Accounting: To help Stakeholders, i.e., parties…
Slide 1 Special Accounting Procedures Chapter 5 Slide 2 What ratios I need to know 1.Gross profit margin 2.Net profit margin 3.Gross profit markup 4.Return On Capital Employed…
Slide 1 Cheques What is a cheque used for? How would you write the amounts shown in words? Slide 2 Paperclip figures for the last month. Sales of: Stationary£250,000 Computers£1,456,000…