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Net Profit / Loss
It is the difference between the gross profit or loss and the total indirect income/expenses of a business. If the difference is a positive value, it’s Net Profit, and if the difference is negative, then it’s Net Loss for a business during a ...
Operating Income
Operating income relates to that part of the revenue which is associated with the operating activities of the company. The operating activities are the core business functions which is linked to the sale of goods or services. For example, XYZ company ...
Invoice
A document issued by a seller to a buyer to acknowledge a sale transaction. An invoice contains the contact details, item details, quantity, price, total taxable value and the total amount payable by the buyer. The invoice is issued at the time of a ...
Capital Or Equity
The fund invested by the owner in the business or the net amount claimable by the owner from the business is known as the Capital or Owner’s Equity or Net Worth. Formula: Owner’s Equity = Assets - Liabilities
Profit & Loss Statement
The Profit and Loss statement helps you to assess the financial position of a business by providing the details of incomes and expenses incurred by a business during a particular accounting period. The statement displays net profit or net loss of a ...