Question: What Does P Mean In Accounting?

What does ETC mean in business?

exchange-traded commodityAn exchange-traded commodity (ETC) can offer traders and investors exposure to commodities like metals, energy, and livestock..

What is PA known for?

Pennsylvania is known as the Keystone State for its role in building the foundations of the United States of America – it is here that the Declaration of Independence, U.S. Constitution, and the Gettysburg Address were written.

Is a PA called Doctor?

No. They’re called either Physician Assistants or PA’s. Only an individual with a doctoral degree (pharmacy, divinity, education, osteopathy, dentistry, etc.) or medical degree has earned the right to be called “doctor”, and that includes Nurse Practitioners who hold a Doctor of Nurse Practice degree (DNP).

What is P and R?

P and R measures are the statistics used to evaluate the efficiency and effectiveness of business processes, particularly automated business processes. The P measures are the process measures – these statistics that record the number of times things occur.

What is the meaning of P & L?

profit and lossThe profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually a fiscal quarter or year.

What two terms describe cash flow?

Operating cash flow includes all cash generated by a company’s main business activities. Investing cash flow includes all purchases of capital assets and investments in other business ventures. Financing cash flow includes all proceeds gained from issuing debt and equity as well as payments made by the company.

How do you read a profit and loss sheet?

How to read the profit and loss statementRevenue: The top line of the P&L is the money that you have coming in from sales (before any deductions). … Direct Costs: Also referred to as the Cost of Goods Sold (COGS), these are the costs that go into making your products or delivering services.More items…•

What is OCOS in accounting?

One-Cancels-the-Other Order An order to conduct two transactions such that, if one transaction is done, then the other is cancelled. For example, an investor may wish to buy both stocks and bonds at a certain price.

What is B R and B P in accounting?

Bills Receivable and payable are exactly opposite of each other. Former is the asset of the company. … On the other hand, bills receivables are drawn when a vendor or seller makes any credit sale to the business. The amount mentioned in the bill is paid on a future date and such bill is called bills payable.

What is PA job?

A physician assistant (PA) is a licensed medical professional who holds an advanced degree and is able to provide direct patient care. They work with patients of all ages in virtually all specialty and primary care areas, diagnosing and treating common illnesses and working with minor procedures.

What does P A mean?

P/AAcronymDefinitionP/APower of AttorneyP/APer AnnumP/APrice Action (stock market)P/APricing and Availability7 more rows

What does BDE mean in business?

Business Development ExecutivePublished: 24 Jul 2015. A business development executive is a senior manager tasked with the job of helping his or her business grow and therefore, they are high-level sales professionals.

What is difference between P&L and balance sheet?

P&L Statement. … Here’s the main one: The balance sheet reports the assets, liabilities and shareholder equity at a specific point in time, while a P&L statement summarizes a company’s revenues, costs, and expenses during a specific period of time.

What does P stand for in accounting?

payableAccounting departments utilize a variety of acronyms to identify responsibilities, departments or government agencies. While some acronyms are industry-specific, others exist universally. A/P represents the “accounts payable” department in most companies.

How do I make a P&L?

How to write a profit and loss statementStep 1: Calculate revenue. … Step 2: Calculate cost of goods sold. … Step 3: Subtract cost of goods sold from revenue to determine gross profit. … Step 4: Calculate operating expenses. … Step 5: Subtract operating expenses from gross profit to obtain operating profit.More items…