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1. For a better understanding of accounting, match the terms with their definitions.
a ratio of profitability calculated as net profits divided by sales
the original purchase price of assets, not their estimated current selling price or replacement cost
the amount of money received from customers for the goods or services that you sell before charges are taken away
the reduction in value of a fixed asset during the years of its use charged against profit
the profit before charges are taken away
all the money that a company will have to pay to someone else in the future, including taxes, debts, interest and mortgage payments
the final figure for profit or loss
the various expenses of operating the business that cannot be charged to anyone product, process or department
the costs associated with making the products that have been sold, such as raw materials, labour, salaries and factory expenses
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