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Tier 1 extension- previous earnings

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merci
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Posts: 105
Joined: Wed Feb 13, 2008 8:28 am

Tier 1 extension- previous earnings

Post by merci » Thu Aug 27, 2009 1:13 pm

My husband is working and running a company.
I am a bit confused about regarding previous earnings.

In the guidance they are mentioning about profit/loss account
Does this account type is distinctively a different one?
And they have been mentioned about that related account should show
The net profit. What does it mean ?

Do we have to keep the net profit amount in the account, due to we are trading
We are using this money and not keeping in our account

Or the accout should be able show the invoice movement up to net profit?
Could you pls clarify that?

By the way at the time of initial applications any two kind of evidence was enough for them
to decide for approval. I could not find any specific information that if we need to give them all the relevant documents or not

email257525
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Posts: 289
Joined: Mon Jan 05, 2009 6:53 pm
Location: UK
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hi

Post by email257525 » Sun Aug 30, 2009 1:43 pm

reniors please

Wanderer
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Posts: 10511
Joined: Thu Apr 21, 2005 1:46 pm
Ireland

Post by Wanderer » Sun Aug 30, 2009 2:05 pm

Don't you have an Accountant? This would be meat and drink to them.
An chéad stad eile Stáisiún Uí Chonghaile....

Sushil-ACCA
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Posts: 1234
Joined: Wed Apr 02, 2008 2:47 pm
Location: Wembley Park

Post by Sushil-ACCA » Tue Sep 01, 2009 10:14 am

give us some business friend

antway sit with yr accountant and u dont have to learn these terms other then following the rules

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