They need detailed performance information about each segment of the business so that they can make ongoing corrections and enhancements to the organization. Management owners and sometimes employees. They would like to understand and kept updated with the financial performance of the company. The main purposes of financial statements are to provide financial information to […]
Category: Financial Statement
Balance Sheet Is A Statement Of Mcq
The balance sheet is also referred to as the statement of financial position or the statement of financial condition. A firm buys products but does not pay to suppliers instantly. Rikazzz January 5 2022 Accounting. Balance sheet is a statement of Assets Liabilities and Capital. The term financial statements includes. A Financial statement gives a […]
Operating Profit Income Statement
Operating profit does not necessarily equate to the cash flows generated by a business since the accounting entries made under the. Different financial statements record varying operating activities. 2101634 5705068 037 or 37. What is Operating Income. Revenue500COGS250Gross Profit250Operating Expenses100Operating Profit EBIT150Interest30Taxes50Net Profit70Following this basic format you can determine how to calculate operating profit. The […]
