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const2013 [10]
3 years ago
7

Account which shows gross profit or gross loss of the business is called​

Business
1 answer:
Westkost [7]3 years ago
8 0

Answer:

Trading account

Explanation:

Preparing a trading account is the first process when drawing the financial statements of a business. The trading account is prepared using data from a firm's core trading activities. It shows profitability as a result of buying and selling or manufacturing and selling activities of a business.

The trading account shows the net revenues from the selling goods and services. It also shows the cost incurred in manufacturing or acquiring the goods meant for sale( cost of goods sold). Gross profits or gross sale is obtained by deducting the cost of goods sold from the revenues. Gross profit is when revenue exceeds the cost of goods sold. Gross loss is when the costs of goods sold are more.

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Google has written down the following: "to organize the world's information and make it universally accessible and useful." This
qaws [65]

Answer:

<h2>Mission Statement</h2>

Explanation:

A brief description of a company's purpose is called mission statement, it tells about the company's purpose for the public and employees. It varies from company to company as because every company describes it differently.

A mission statement is important as it serves as a base line for everyone in the organisation. It serves as the basis for effective business planning. Mission statements are used in  marketing as they are a company's public face. Companies also include them on their websites.  A good mission statement can inspire, surprise and transform your business

7 0
4 years ago
Que presion ejerce el deposito sobre el piso?​
Kitty [74]

Answer:

You exert less pressure lying down because you spread the force of your weight over a larger area, thus exerting less pressure.

Explanation:

3 0
3 years ago
What are ‘sweeteners’ in the context of fashion lines? A. high-priced special designs for a select few customers B. additional i
KengaRu [80]

Answer:

I would say A or D. But I'm leaning towards D - patterns created to attract young and affluent customers.

3 0
3 years ago
Read 2 more answers
The
zhenek [66]

Answer: operating budget

Explanation:

In the given scenario in the question, we can deduce that the management is in the process of planning the operating budget of the company.

The operating budget simply refers to the money that's needed by the company for it to run efficiently. It is made up of the manufacturing costs, sales budget, selling expenses, and the administrative expenses.

4 0
3 years ago
Parkinson Company (PC) had a beginning balance of $86,000 and an ending balance of $90,000 in itslong-term marketable securities
loris [4]

Answer:

the cash inflow from the sale of securities is $7,000

Explanation:

The computation of the cash inflow from the sale of securities is shown below:

= Opening balance + purchase marketable securities + gain on the sale of marketable securities - ending balance

= $86,000 + $10,000 + $1,000 - $90,000

= $97,000 - $90,000

= $7,000

hence, the cash inflow from the sale of securities is $7,000

8 0
3 years ago
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