Write, Bureaucrats, Administrators
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Difference between revisions of "Variances"
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| Line 10: | Line 10: | ||
|Asset || Actual - Budget || (Actual - Budget) / Budget | |Asset || Actual - Budget || (Actual - Budget) / Budget | ||
|- | |- | ||
|Liability | Budget - Actual | (Budget - Actual) / Budget | |||
|- | |||
|Equity | Budget - Actual | (Budget - Actual) / Budget | |||
|- | |||
|Income | Actual - Budget | (Actual - Budget) / Budget | |||
|- | |||
|Cost of Sales | Budget - Actual | (Budget - Actual) / Budget | |||
|- | |||
|Expenses | Budget - Actual | (Budget - Actual) / Budget | |||
|- | |||
|Other Income | Actual - Budget | (Actual - Budget) / Budget | |||
|- | |||
|Other Expenses | Budget - Actual | (Budget - Actual) / Budget | |||
|} | |} | ||
The example below shows how these formulas are applied in a Profit and Loss report. | The example below shows how these formulas are applied in a Profit and Loss report. | ||