How Do I Calculate Profit and Loss?


To calculate profit and loss of a business or organisation, you subtract the total costs incurred during the fiscal year from the total revenues accrued. If the value is positive, then the figure represents your gross profit. However, if it is negative, then it represents your total losses.
Q&A Related to "How Do I Calculate Profit and Loss"
1. Decide what time frame you will be reviewing (month, quarter or full year) 2. Write down all of the sales areas your business encompasses. 3. Write down the budget you allot to
Calculation of profit and loss helps you to determine the revenue stream of your business (as one example)
Hi, To begin with,claimant must establish a right to damage under the contract or a breech of it.The claimant must also prove the amount or quantum of its loss caused by other party's
To deal with Forex, it is essential to master these concepts. They will help you calculate your profits and losses and so set your stops correctly. What is a pip? A pip is the smallest
2 Additional Answers Answer for: how do i calculate profit and loss
How to Calculate Profit & Loss
Tracking profit and loss is paramount to the success of any business. You must know the areas in which you are most and least effective. This article will show you how to determine those areas.... More »
Difficulty: Moderately Easy
Profit or loss of a business is calculated by determining your revenues and deducting all allowable expenses from your revenue. A profit determines whether your revenue exceeds your expenses, while a loss is incurred if your expenses are more than your revenues. You can get a list of allowable business expenses from the HM Revenue and Customs website.
Explore this Topic
A trading, profit and loss account is a financial record that shows the business's financial performance over a given time period. The trading account calculates ...
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014