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Author Question: What equation is fundamental to a balance sheet? What will be an ideal ... (Read 81 times)

gbarreiro

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What equation is fundamental to a balance sheet?
 
  What will be an ideal response?

Question 2

How is net profit or loss calculated?
 
  What will be an ideal response?



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Liamb2179

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Answer to Question 1

The equation for the balance sheet is: assets = net worth  liabilities.

Answer to Question 2

Net profit or loss is calculated as gross profit minus total expenses.




gbarreiro

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Reply 2 on: Jul 21, 2018
YES! Correct, THANKS for helping me on my review


Laurenleakan

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Reply 3 on: Yesterday
Gracias!

 

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