CAPITULO I: GANANCIAS Y PRDIDAS EN UNA EMPRESA CHAPTER I: GAINS AND LOSSES IN A COMPANY
The Profit and Loss also known as Income Statement, Statement of Income and Expenses, or State of Performance, is a financial report which demonstrates the profitability of the company for a specified period.
QU ES EL ESTADO DE GANANCIAS Y PRDIDAS?
El Estado de Ganancias y Prdidas conocido tambin como Estado de Resultados, Estado de Ingresos y Gastos, o Estado de Rendimiento; es un informe financiero que da muestra la rentabilidad de la empresa durante un perodo determinado.
The Profit and Loss Account is an accounting document whose value is to know the economic outturn, which is obtained by difference between two bodies formed respectively by the Revenue and benefits on one hand and for the expenses and losses on the other.
La Cuenta de Prdidas y Ganancias es un documento contable cuya utilidad es conocer el resultado econmico del ejercicio, que se obtendr por diferencia entre dos grandes masas formadas respectivamente por los Ingresos y Beneficios por un lado y por los Gastos y Prdidas por el otro. Income or Benefits will be operations or results of operations that cause an increase in the equity value of the company. By contrast, expenses or losses will be operations or results of operations that cause a decrease in the equity value of the company.
ENGLISH III
Pg. 1
1.2 What use is the Profit and Loss? This statement allows the entrepreneur, after a period of running your business, you can determine whether earned income or loss. With this information, the owner of the company will analyze your financial situation, your income structure, costs and make decisions about the future of your company.
Este estado financiero permite que el empresario, luego de un periodo de funcionamiento de su empresa, pueda determinar si obtuvo utilidad o prdida. Con esa informacin el dueo de la empresa podr analizar su situacin financiera, su estructura de ingresos, costos y tomar decisiones acertadas sobre el futuro de su empresa.
Sales: Represents the earnings of the company over a period of time, sales are cash income and credit (Accounts Receivable) at retail value (not including VAT). Cost of Sales: Represents the cost of all goods sold. Gross Profit: Are Sales less Cost of Sales. General expenses (selling and administrative):represent all those items that the company requires for its normal functioning and performance (salaries, office supplies, paying the electricity, water, telephone, rent, taxes, etc.).
ENGLISH III Pg. 2
ENGLISH III
Pg. 3
CONCLUSION
The Profit and Loss Account is an accounting document whose value is to know the economic outturn, which is obtained by difference between two bodies formed respectively by the Revenue and benefits on one hand and for the expenses and losses on the other. Income or Benefits will be operations or results of operations that cause an increase in the equity value of the company. By contrast, expenses or losses will be operations or results of operations that cause a decrease in the equity value of the company.
ENGLISH III
Pg. 4