Comparative Financial Statements, as the word suggests, are the statements that show the financial numbers of more than one year (consecutive periods) of an… Read Article
Profits are an integral part of every business. As an entrepreneur, the primary goal is to make the business profitable. Profits are important to… Read Article
Capital Profit and Revenue Profit: MeaningProfit is a financial gain that commercial organizations make by performing business activities. The very basis of running a… Read Article
Contribution Margin Income StatementA contribution margin income statement is an income statement that shows the contribution margin as well as the net income of… Read Article
When it comes to preparing an income statement, the businesses have two options. The two options are a single-step income statement or a multi-step… Read Article
As the name indicates, a multi-step income statement shows multiple steps in Income Statement. To understand this concept in a better way, we have… Read Article
EBIT and EBITDA are the two most common profitability indicators. EBIT is the total earnings of an entity derived before deducting the interest and… Read Article
Introduction to profit and loss statementThe profit and loss statement is one of the three most important financial statements that reflect any Company’s performance… Read Article
Capital Receipt and Revenue Receipt are an integral part of business activity, like capital expenditure and revenue expenditure. Both represent an inflow of cash… Read Article