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Accountancy Terms and Formula

ACCOUNTANCY TERMS AND FORMULA. Confused with accountancy terms and formula? Here are a few examples to help:- Growth  1          % change in sales                               =                       sales Yr2 – sales Yr1               % sales Yr1 Profitability 1          gross profit %                                     =                      gross profit                                % sales 2          operating profit %                              =                         operating profit                       % sales 3          net profit %                                         =                     net profit after interest & tax    % sales Do you as a company director leave time to set out your budgets and company objectives? Need help with this? Are you working too much in the business …Read More