questions of terms
Hi, I already been through the whole chapter of this excel practice once but don't understand quite clear, because I don't know how the P&L statement works.
Could you tell me what does the column "Partner company" means? Is is showing the code for each company? and please tell me what does "Total" ,which I don't know why it is going to be deleted and "not assigend " by the "Name of partner company" mean.
Hi Osamu,
Thanks for reaching out and apologies for the confusing example.
In this context "Partner company" means, which was the company transacting with - whether its one of their subsidiaries or whether it's a third party.
"Total" is the sum of the previous rows, and we delete it because if it's kept, the information will be duplicated.
Best,
Ned