In finance and accounting, MM (or lowercase “mm”) commonly denotes that the units of figures presented are in millions. The Roman numeral M denotes thousands. In this context, MM is the same as writing “M multiplied by M,” which is equal to “1,000 times 1,000,” which equals 1,000,000 (one million).
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Sep 29, 2023 · $1MM Equity (Capital Balance) = Beginning Balance + Income ($10M) - Draw ($4MBy looking at this example, you know the company had $1,004,000 ...
MM Means Other Things ... Like most simple abbreviations, MM stands for a number of things in the business world other than millions: ... If you think there's any ...
May 28, 2023 · Typically we think of a million being abbreviated as (M). Yet, often in finance and accounting, we find that this abbreviation deviates from ...
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Apr 9, 2021 · Without much explanation, we can say that when used in accounting records, MM means millions. You can see this abbreviation, for example, on a ...
Jan 3, 2024 · MM is the abbreviation used to represent the figures in millions. Many financial institutions, banks, and large companies use the abbreviation ...