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30 Do’s And 20 Don’ts In Starting A Small Business

Small scale businesses are easier to set up compared to the middle or large scale businesses that require more time, feasibility reports, ad...

Saturday, November 22, 2014

Small Business Tip .... Prepare A Profit And Loss Statement

A Profit and Loss Statement shows you whether your business has made or lost money during a given period being reported either on monthly, quarterly or annually basis. A Profit and Loss Statement is used to record and track revenues and expenses in order to determine the operating performance of your business. It can also be used to determine income tax liability.

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