How to Increasing your Accounting Profit ?
World Of Finance by Vijaya Sai.M Sometimes accounting processes seem rigid and unwavering. On the contrary, many techniques are used with different situations to reflect the exact figures desired. Of course, this can only be taken so far, but it can be manipulated. So what are the options of changing the accounting to increase the accounting profit? Let’s make sure we are all on the same page as to what accounting profit really is. Accounting profit is a fairly simple calculation, but it can easily be confused with so many other, similar, terms. The basic definition is the cost of providing products and services subtracted from the price of all those products and services sold. The area that gets hazy is exactly what costs are included in bringing items to the market. The 2 categories that costs are placed are explicit and implicit. Accounting profit is calculated using only explicit costs. Explicit Costs are items or services that money is required to be