Earnings Statement
Earning statement is also known as the income statement or profit and loss statement. It summarizes a company’s revenues, expenses, and profits over a specific period. It shows how much was earned and what it cost to earn it, helping assess financial performance.
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Expenditure
The total amount spent by a business to acquire assets, goods, or services. It includes both capital expenditures (long-term investments)…
Exchange Gain/Loss
The profit or loss from converting one currency to another due to exchange rate fluctuations. These arise in international transactions…
Employee Liabilities
Amounts owed by a company to its employees or on their behalf. This includes unpaid wages, accrued vacation, payroll taxes,…
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