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Profit Loss Account Sales 100000 Less expenses Rent 18000 Rates 5000 Wages and Salaries 40000 Repairs 3500 Advertising 5000 Accountants fees 2000 Solicitors fees 1000 Insurance 7000 Phone 1500 83000 Net Profit 17000 Service Provider. In case of loss CP 100 x 100 x P100-m100-n If P and L are equal then P L and loss P 2 100. Generally monthly bills are payable for them.

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It represents the cost of products and services.

Profit and loss expenses list. Advertising publicity brochures photographs business cards and flyers. Annual net profitannual net loss. All the office and administrative expenses like office salaries printing and stationery expenses legal expenses telephone and electricity charges office rent audit fees insurance premium etc.

Always keep track of document changes. SAP Concur Platform Helps Businesses of all Sizes Industries Locations Run Better. These are the cost incurred on a landline or mobile phone.

This entry represents the net sales or turnover during the accounting period. The following is a list of the expenditure which HMRC will normally allow- Accountants Fees including bookkeeping fees. Many Companies also.

Meet all deadlines with automated notifications. Navigate to the Accounting tab at the top of your screen and choose Reports from the drop-down menu. 2 Travelling Expenses.

Expenses and losses are shown on the debit side of Profit Loss Account. Technology Research Development. The main categories that can be found on the PL include.

If a product is sold at m profit and then again sold at n profit then the actual cost price of the product will be. Revenue or Sales Cost of Goods Sold or Cost of Sales Selling General Administrative SGA Expenses. It is the actual profit of a business.

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