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Sankey Diagram - Income Statement (by Adrián Chiogna) An income statement or profit and loss account [1] (also referred to as a profit and loss statement (P&L), statement of profit or loss, revenue statement, statement of financial performance, earnings statement, statement of earnings, operating statement, or statement of operations) [2] is one of the financial statements of a company and ...
Ghana International Airlines: Consumer services Airlines Accra: 2005 National airline, defunct 2010 P D Ghana National Petroleum Corporation: Oil & gas Exploration & production Accra: 1987 Oil and gas industry S A Ghana News Agency: Consumer services Broadcasting & entertainment Accra: 1957 News agency: P A Ghana Oil Company: Oil & gas ...
The top income tax and corporate tax rates are 25%. Other taxes included with value-added tax (VAT), are the national health insurance levy, and a capital gains tax. The overall tax burden was 12.1% of Ghana's total domestic income in 2013. Ghana's national budget was the equivalent of 39.8% of GDP in 2013. [31]
Melcom is a supermarket chain consisting of 65 shops spread all over Ghana. It was started in 1989 by Indian magnate Bhagwan Khubchandani. His late father, Ramchand Khubchandani, had arrived in the then Gold Coast in 1929 as a 14-year-old to work as a store boy. [1] Melcom Group of Companies is a family business.
The Ghana Revenue Authority (GRA) is the Ghana administration charged with the task of assessing, collecting and accounting for tax revenue in Ghana. [ 1 ] [ 2 ] As part of efforts to improve compliance, the Authority is required to assist taxpayers to understand and meet their tax obligations by providing robust and comprehensive advice.
A cash flow statement reports on a company's cash flow activities, particularly its operating, investing and financing activities over a stated period. Notably, a balance sheet represents a snapshot in time, whereas the income statement, the statement of changes in equity, and the cash flow statement each represent activities over an accounting ...
The Ghana Club 100 is a yearly official list of the top 100 companies in Ghana. The compilation was first done in 1998 by the Ghana Investment Promotion Centre (GIPC) with the aim of recognition of the top 100 companies and to encourage competition and improvement of company products and services in the country. [ 1 ]
Net sales are gross sales minus sales returns, sales allowances, and sales discounts. Gross sales do not normally appear on an income statement. The sales figures reported on an income statement are net sales. [4] sales returns are refunds to customers for returned merchandise / credit notes; debit notes