1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zhuklara [117]
3 years ago
12

What is the uses of trading, profit and lost account​

Business
1 answer:
Len [333]3 years ago
4 0
The profit and loss account is used to determine the net profit of the business. The starting point for the profit and loss account is the balance carries down from the trading account which is the gross profit of business. Hope this helped you out...
You might be interested in
Marvin company negotiated the purchase of a new building for $250,000. Marvin paid a $100,000 down payment and will pay off the
BARSIC [14]

In the given transaction Marvin Company has purchased a new building for $250,000. Marvin paid a $100,000 down payment and will pay off the remainder over seven years it means the balance (250000-100000) = 150,000 is a liability for Marvin company.

So there is an Increase in the asset by $250,000 due to purchase of the building and there is a decrease in assets by $100,000 due to the payment of cash. Hence the Net increase in the assets is (250,000-100,000) = $150,000.

And there is an increase in the liabilities by $150,000.


Hence the correct answer is:

d. $150,000 net increase in assets and $150,000 increase in liabilities




3 0
3 years ago
Negotiate a venue for a year end function​
crimeas [40]

Answer: Year-end function planning with my tips

Involve management in the arrangements.

Set the date.

Decide on a theme.

Get a venue.

Decide on food and be mindful of allergies, cultures, and eating habits.

Make personal and exciting online invitations.

Arrange for group shuttle services for safe transportation.

Always keep the budget in mind.

Explanation:

Done this before.

4 0
3 years ago
Between 1790 and 1830, the population of New York increased nearly five times over. This population increase was
svlad2 [7]

Answer:

Increased factory jobs as a result of the revolution.

Explanation:

Pls mark brainliest. Thx!

3 0
4 years ago
Philip Morris bought Miller Brewing and launched low-calorie beer, at a time when consumers had the impression that low-calorie
Olenka [21]

Answer: Points of indifference

Explanation: Point of indifference can be defined as that level of EBIT at which two alternative financial plans have same amount of net income. It is used by managers as an evaluating tool, when it comes to choose between two cost structures which are alternative of one other.

In the given case, the company must have  build point of indifference before launching of new product, and must have expected higher profits than normal beer.

4 0
3 years ago
The second step in the strategic-management process is a(n) ________, where managers look at where the organization stands, and
Studentka2010 [4]

Answer:

The second step in the strategic-management process is an <u>assessment of the current reality.</u>

Explanation:

In order for management to carry out an assessment, they must have an objective view of what the organization is really doing.

Management can use the following tools to perform a correct assessment:

  • SWOT analysis
  • forecasting
  • benchmarking
  • Porter's industry analysis model
3 0
3 years ago
Read 2 more answers
Other questions:
  • When a healthcare organization allows an unsafe condition to exist on its property and does nothing to address it and a visitor
    6·1 answer
  • Nadia was informed about the interest rate and fees before she opened her account with the bank. What act or right made sure she
    7·2 answers
  • Dilts Company has a unit selling price of $630, variable costs per unit of $380, and fixed costs of $335,000. Compute the break-
    9·1 answer
  • Answer the following question using the information below:
    10·1 answer
  • You own 230 shares of stock in Green Mild Chili Peppers, Inc., that currently sell for $50.70 per share. The company has announc
    6·2 answers
  • Hi i was wonder if i could find a best friend in here
    9·2 answers
  • there is a growing demand of a firm of architects and engineers in developing countries like Nepal justify​
    11·2 answers
  • If i cancel a booking that redeemed a free night do i lose the free night hotels.com
    13·1 answer
  • Gnosis Inc. is an energy drink manufacturer. A white racing stag on a purple background is the logo on all of its drinks. When c
    8·1 answer
  • Do you think product instruction are useful for users to use products better? ielts speaking
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!