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Calculating Profit

Some Complications
  • D. E. Turner
  • P. H. Turner
Chapter

Abstract

Basil Smith is a hire-car operator. He started his business on May 1, and in his first month of business he earned £1430 cash. From this, he paid out £386 for petrol, £154 general running expenses and £100 for hire of garage. At the end of the month, he owed £55 for petrol.

Keywords

Balance Sheet Trade Creditor Trading Period Loss Account Actual Payment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© D. E. Turner and P. H. Turner 1991

Authors and Affiliations

  • D. E. Turner
  • P. H. Turner

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