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That is standard accounting and financial format to identify negative numbers. (It's much more visible than a little dash before a number, or, especially for things printed and then copied, seeing the proverbial "red ink", which is also used in some formats).
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Following are the formats of income statements1 – Statement form2 – Account form
single step income statement is one of two formats in which only one subtraction is done to arrive at net profit or loss as follows:Net profit or loss = revenues - expenses
The best way to write an authorization letter for electric meter application is using a sample format. Downloadable sample formats for this letter can be found on the website SharePDF.