Amelia The book balance is the ending balance in the checkbook register after all checks and deposits have been recorded. The book balance should agree with the balance shown on the bank statement. If there is a discrepancy, it may be due to outstanding checks or deposits, or to errors in recording transactions. What are the … Read more
The profit/loss ratio is a financial ratio that measures the profitability of a company. It is calculated by dividing the company’s net income by its total revenue. A high profit/loss ratio indicates that a company is more profitable than its competitors. A low profit/loss ratio indicates that a company is less profitable than its competitors. … Read more
