Formula to calculate profit and loss in accounts
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To calculate the accounting profit or loss you will simply:-
•add up all your income for the month
•add up all your expenses for the month
•calculate the difference by subtracting total expenses away from total income
•and the result is your profit or loss
Hope thos hlps u.
•add up all your income for the month
•add up all your expenses for the month
•calculate the difference by subtracting total expenses away from total income
•and the result is your profit or loss
Hope thos hlps u.
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