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economics p2 ch4 - Coggle Diagram
economics p2 ch4
profit and loss budget
overview
revenue
costs
profit (or loss)
where is what
credit (right)
revenue
debit side (left)
costs and profit
closed when
total on debit side=total on credit side
expenditure in profit and loss or not
purchased inventory
not
energy bill
in
compare profit with total capital
to asses
if comapny has good results
equity +dept capital
investment budget, financing plan, profit and loss budget.
investment budget
estamating
how much money needed
to start bussines
financing plan
showing how business wil be financed
profit and loss budget
estamating the business's expected costs and revenue
balance sheet
overview
assets
left side
debitside
debts
right side
credit side
of a company
assets
current assets
debtors
goods in stock
liquid assets
bank balance
fixed assets
shop premises
company car
liabilities
the equity
difference between assets and debts
debt capital
long and short-term debts
gross and net profit
net profit
gross profit- operating costs
gross profit
turnover- cost of sales