Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
INGLES
Class 6: Expenditure
Class 7: Income
Class 8: Closing Accounts
Class 9: Analytical Accounts Operations
Classes are used by accountants because their task in business is "fit" all costs,
if your company is medium or large insurance you already have an accountant,
but if your company is small even do not need to hire one, but if necessary you
know the importance, management and development of this valuable
accounting reports.
A profit and loss measures the activity of a company over a period, usually a
month, quarter or year. This financial report may have different names: profit
and loss statement, statement of income, statement of income and expenses or
even state operations. The profit and loss basically tells income, expenses,
profits and losses. Keep in mind that in almost all cases, earnings and cash flow
are not the same thing.
The basic formula for the profit and loss account is:
Income
- Operating expenses (variables)
= Gross Margin (operating) profit
- Fixed costs
= Operating Income
+/- Other income and expenses (non-operating)
= Income before taxes
- Income taxes
= Net income (after taxes)
Income:
Interest income $0
Net sales revenues show total sales for the period of the profit less sales
discounts or returns and allowances and losses. This total should not include
added to invoices for sales tax is required to collect. These increases in
turnover are properly recognized as current liabilities. Returns and bonuses for
sales and sales discounts should be deducted from gross income to arrive at
net sales by sales. When the selling price increases to cover the cost of
transport for delivery to the customer and is charged accordingly, transportation
charges paid by the company should also be subtracted from sales to reach net
sales. Transportation charges that were not transferred to the buyer are
recognized as selling expenses.
You can use the following table as a model to create a profit multistep for their
company and loss.
STATEMENT OF INCOME
SPENDING INCOME
sales $660,000
Purchases $230,000
Transport $10,000
Operating expenses
Selling expenses
insurance $44,000
Depreciation $17,000
Other income
Interest income $0
Other expenses