Tag Archives | Profit

Difference in Profit or Loss between Cost and Financial Accounts

The following points highlight the five major reasons for difference in profit or loss between cost and financial accounts. Reason # 1. Items Shown Only in Financial Accounts: (i) Purely financial charges, reducing financial profit: (a) Loss on sale of fixed assets and investment (b) Interest on bank loans, mortgage etc. (c) Discount on shares, […]

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