Which one is a debit and credit???? I would like to know how to do a journal entry in both staments (Balance Sheet and Income), so that it will make sense….. the industry is a telecommunications one. And it would refer to sales of telecommunications line….. thank you for the help!!!!
which is better for an organization
As a self employed person I need to create a P & L to do a refinance. What items am I supposed to include or leave out?
I thought I was going to include personal expenses against my income – not just business expenses – such as my utility bills, food, entertainment etc. Those were verbal questions my lender had asked over the phone. My income is from homes I rent out – so do I include expenses such as gardening and maintenance and only those items related to the real estate? Thanks for the info, feels overwhelming!
I have a formula which say it calculated by
Gross profit / sales * 100
and another formula saying it calculated by
gross profit / cost of sales * 100
What is the difference please help
Is it illegal to buy something cheap and sell it for more expensive just to make profit? (without letting the seller know)
I need to prepare one in the next few days for all of Jan 1st thru Sept 1
Does anyone have a template or example I can follow to do this? I would really appreciate it!
I actually learnt a bit about Google Foundation at school.
I knew that this was a non-profit organization.
But is it really true that they’ve created that just for others’hapiness?
I can’t believe it…
Could people who know their real aim teach me their real aim?
I’m going to start up a new site, and I want to know what website niche I could make a profit (from £10) from? Also, I really dislike advertising so no advertisements or pay-by-cheque things.
I don’t mind how hard it is to create.
The idea MUST BE ORIGINAL BY THE WAY!
Its for my A-level course work in business and i just cant think for some reason!! :S
thanks for all your help x
Sales $420,000
Cost of Goods sold 279000
Sales Returns and allowances 10,000
Selling expense 58,000
Sales discounts 6,000
income tax expense 15,000
The question asks prepare income statement starting with NET SALES and show gross profit. Treat sales discounts as an EXPENSE…..confused??