GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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16:44 Sep 7, 2013 |
French to English translations [PRO] Bus/Financial - Finance (general) / Final Agreement for Services | |||||||
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| Selected response from: rkillings United States Local time: 01:02 | ||||||
Grading comment
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Summary of answers provided | ||||
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4 +1 | [paid out of] income/profit and loss |
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4 | from the profit and loss account / from operating profit |
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3 | operating account |
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Discussion entries: 8 | |
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operating account Explanation: Operating account, nominal account, temporary account... http://www.btb.termiumplus.gc.ca/tpv2alpha/alpha-eng.html?la... |
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from the profit and loss account / from operating profit Explanation: "Ces honoraires de gestion mensuels seront financés par le Compte de résultat. "En cas de fonds insuffisant sur le Compte de résultat pour financer les honoraires mensuels de gestion, le Propriétaire versera a l’operateur ses honoraires de gestion...." The management fee has to be taken from the operating profit, as shown in the "profit and loss account" |
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[paid out of] income/profit and loss Explanation: Algeria has aligned its accounting plan with IFRS and is moving its national GAAP in that direction. Stick with IFRS terminology in English -- which does not include "profit and loss *account*" (the old name for the income statement in the UK) but does include flow phrases such as "through profit and loss". Certainly "P&L" and "P&L account" is common jargon inside companies, but those terms probably wouldn't be used in a contract. Reference: http://www.adoptifrs.org/CountryDescription.aspx?CID=2 |
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