profit and loss accounts
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profit and loss accounts

But in the wake of the global financial crisis, the risks of monetary and fiscal policy have been highlighted and central Banks have been given additional responsibilities. Deciding whether or not to rescue a particular financial institution, whether it guarantees system stability or other reasons, has obvious consequences for individual investors. Apple has released some incredible huge facts for their third quarter of 2011, with quarterly revenue reaching $28.7 billion, growing 82% year over year along with a net gain of $7.31 billion. Steve Jobs, Apple's CEO said: 'We're thrilled to deliver good quarter ever, with revenue up 82 percent and profits up 125 percent.' and the man added 'Right now, we're very focused and pumped up about bringing iOS 5 and iCloud to the users this fall.' In 1946, the famous British economist J.R. hicks, in value and capital, developed the concept of income into a general concept of economic gain. He argues that the real purpose of computing revenues is to make people aware of the amount of money they can spend without making them poorer. Accordingly, he gave a generally accepted definition of "the maximum amount of consumption that a person can spend at the end of the term, at the same level of prosperity". Hicks's definition, though primarily for personal gain, applies to businesses as well. In the case of the enterprise, according to this definition, the enterprise income can be understood as the maximum amount that can be allocated in the enterprise cost accounting period under the same amount of capital at the end of the term and the beginning of the period. Including ambulances, fire engines, sanitation vehicles, TV and radio cars, airport operations, municipal construction projects, etc.