How to calculate PBDD, what is related party, how contingent liabilities affect your financial statements, what is audit adjustment and how it is done

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PBDD is calculated by subtracting direct costs from revenue
Related party refers to a person or entity that has a close relationship with the company
Contingent liabilities are potential liabilities that may arise in the future
Audit adjustments are changes made to financial statements during the audit process
They are done by identifying errors or omissions and making necessary adjustments

How to calculate PBDD, what is related party, how contingent liabilities affect your financial statements, what is audit adjustment and how it is done

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