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
Emerson Inc.'s would like to undertake a policy of paying out 45% of its income. Its latest net income was $1,250,000, and it ha
AfilCa [17]

Answer:

$2.50

Explanation:

Given that,

Dividend Paying out under a policy = 45% of its income

Net income = $1,250,000

Number of shares outstanding = 225,000

Total dividends:

= 45% of its income

= $ 1,250,000 × 45%

= $562,500

Dividend per share:

= Total dividends ÷ Number of shares outstanding

= $562,500 ÷ 225,000

= $2.50

7 0
3 years ago
30 points please help!
WINSTONCH [101]

Answer:

B.

Explanation:

Social Security is Payroll Tax.

3 0
3 years ago
Review the transactions and determine the accounts, the account types (use assets, liabilities, common stock, dividends, revenue
wariber [46]

Answer:

Accounting treatment (debit credit rules) of given entries

Explanation:

  • Purchased office furniture on account Account

Furniture ie Asset increase - Debit , Creditor (Furniture Supplier) ie Liability increase - Credit

  • Provided services on account

Debtor ie Asset increase - Debit , Sale ie Income increase - Credit

  • Prepaid Rent

Prepaid Expense (Rent) ie Asset Increase - Debit. Rent paid now implies later rent ie (Expense) decrease - Credit

7 0
2 years ago
HELP me please
lara31 [8.8K]
Brainly can solve anything
4 0
3 years ago
Description of the the target market is formed in the___ part of the business plan
Alexandra [31]

Answer:

Market analysis

Explanation:

A business plan is a document that shows the goals of a business and details the roadmap to achieve them. It has several sections, with each giving specific information about the business.

The market analysis part talks about the target clients. The sections give detailed data on the industry, including competitors, market performance, and prevailing trends. It describes customers in the target industry.

5 0
2 years ago
Other questions:
  • Governor bush made a particular effort to appeal to which group of voters?
    14·1 answer
  • Ian admits to and corrects bookkeeping mistakes right away. Shin Lee reported a conflict-of-interest issue to her supervisor imm
    9·1 answer
  • Navarro, Inc., plans to issue new zero coupon bonds with a par value of $1,000 to fund a new project. The bonds will have a YTM
    8·1 answer
  • What is the effective annual rate​ (EAR) of a mortgage that is advertised at 8.5​% ​(APR) over the next twenty years and paid wi
    8·1 answer
  • PLEASE HELP!!!!!!!!
    5·2 answers
  • Which of the following companies is the easiest type to set up? A. Sole proprietorship B. LLC C. C corporation D. S corporation
    15·2 answers
  • Swifty Corporation’s April 30 inventory was destroyed by fire. January 1 inventory was $159,400, and purchases for January throu
    10·1 answer
  • Sal’s satellite company broadcasts TV to subscribers in Los Angeles and New York. The demand functions for each of these two gro
    9·1 answer
  • Prompt What is a loan?
    6·2 answers
  • The factors that affect worker productivity include
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!