How do you determine Net Income or Net Loss from a worksheet?
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How do you determine Net Income or Net Loss from a worksheet?
The worksheet is a recap of transactions occurring in a specific time frame. The data is broken out p/l items- current income and expenses ;and he same is done over a given time ,assets and liabilities and of cours the equity of the company.things will balance out once imputs made and is acurate from the source docuements.
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