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P&L Statement

An abbreviation for profit and loss statement; a financial statement (forming part of a set of financial statements prepared and...

Profit and Loss Statement

A financial statement (forming part of a set of financial statements prepared and maintained by an entity) that displays an...

SOI

It stands for statement of income; a financial statement (forming part of a set of financial statements prepared and maintained...

Statement of Income

A financial statement (forming part of a set of financial statements prepared and maintained by an entity) that displays an...

NCC

An acronym for non-cash charge; an expense/ charge that does not involve a cash transaction- that is, it constitutes no...

Losses

In accounting, losses are a component of an entity's income that may, or may not, arise in the ordinary course...

Gains

In accounting, gains are a component of an entity's income that may, or may not, arise in the ordinary course...

Recoverable Value

An value/ amount that is equal to the higher of an asset's fair value less costs to sell and its...

Non-Cash Charge

An expense/ charge that does not involve a cash transaction- that is, it constitutes no cash outflows during the accounting...

Non-Cash Expense

An expense that does not involve a cash transaction- that is, it constitutes no cash outflows during the accounting period....