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The Profit & Loss Account


The Profit & Loss Account

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The objective of this simulation is to illustrate how the profit & loss account will change in response to changes in the internal and external environment of the firm. The profit & loss account acts as a central pillar in understanding the accounts of the firm. The simulation allows you to change a selection of inputs to identify the consequences on turnover, cost of sales, gross profit, net profit, profit on ordinary activities before taxation, retained profit and all the other sections that... More
Material Type: Simulation
Date Added to MERLOT: July 09, 2002
Date Modified in MERLOT: February 14, 2008
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Submitter: Cathy Swift



Primary Audience: College General Ed
Mobile Compatibility: Not specified at this time
Language: English
Cost Involved: no
Source Code Available: no
Accessiblity Information Available: no
Creative Commons: unsure


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