what does the profit and loss account show
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what does the profit and loss account show

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. But to increase political accountability and to sacrifice the independence of the central bank is to throw the baby out of the bath. Monetary policy is complex and technical. Handing control to politicians is more prudent than handing over keys to the country's nuclear power plants. Passenger car (no more than nine) are classified into ordinary passenger cars, active senior passenger cars, passenger cars, small passenger car, convertible, warehouse back passenger car, station wagon, multipurpose passenger vehicles, short head special passenger cars, off-road car, passenger car, etc. 11 class. Before the law came into force, start-ups could only raise money from qualified investors, and everyone was eligible to become a start-up investor after the jobs bill came into force.