Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Revenue is often referred to as top line since it is the first item that we consider in preparing the income statements , what is the bottom line ?

user-image
Question added by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants
Date Posted: 2015/07/13
Dela Kojo Golomeke jnr
by Dela Kojo Golomeke jnr , Financial Accountant , Reroy Cables Limited

The bottom line is the profit after all necessary expenses and tax has been considered. this is not just because it is the last line item to be considered on the income statement but also because it is the most important item that it on a particular interest to the finance manager. 

More Questions Like This