Difference between revisions of "Profit and loss ratio"
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| − | [[Profit and loss ratio]] is an agreed-upon ratio used to divide earnings or losses of a partnership. | + | [[Profit and loss ratio]] is an agreed-upon ratio used to divide [[earnings]] or losses of a partnership. |
==Definitions== | ==Definitions== | ||
According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| − | :[[Profit and loss ratio]]. An agreed-upon ratio used to divide earnings or losses of a partnership. | + | :[[Profit and loss ratio]]. An agreed-upon ratio used to divide [[earnings]] or losses of a partnership. |
==Related concepts== | ==Related concepts== | ||
Latest revision as of 03:34, 9 November 2019
Profit and loss ratio is an agreed-upon ratio used to divide earnings or losses of a partnership.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Profit and loss ratio. An agreed-upon ratio used to divide earnings or losses of a partnership.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
