Accounting Data

Do Not Let Your Profit Figure Fool You

“Accounting is the language of business.” Warren Buffett Profit and Loss account shows the profit a business earns. But this could be illusionary if the entrepreneur is not aware of the accounting. Usually, companies play with the profit to satisfy the bankers and to evade taxes. This is a fine balance. For bank projected profit is important and for tax purpose deflated profit dishonest entrepreneurs … Continue reading Do Not Let Your Profit Figure Fool You