Using the MM Abbreviation
For example, 1MM equals 1 million, $34MM equals $34 million and so on. Using M or MM is pretty simple. If the company sells 26,000 units, the accountant can record that as 26M units. If net income runs to $6,500,000, it goes on the books as $6.5MM.
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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.
The Roman numeral M is often used to indicate one thousand. Example of M. An expense of $60,000 could be written as $60M. Internet ...
M is the Roman numeral for thousand and MM is meant to convey one thousand-thousand — or million. To take it further; one billion would be shown as $1MMM or one ...
May 18, 2022 · M means thousand, mm means million. But different sectors have different conventions.
Jan 3, 2024 · Traditionally M was used as thousands in roman numbers so MM is 1,000 * 1,000 = 1,000,000 which is 1 million. MM is widely used in the gas and ...
Sep 29, 2023 · Examples of MM in accounting $1MM Equity (Capital Balance) = Beginning Balance + Income ($10M) - Draw ($4MBy looking at this example, you know ...
Jul 26, 2023 · Generally, the abbreviation with two M's is preferred in finance. So a million dollars is written as $1MM. One thing to consider is that when ...
May 28, 2023 · We often find the abbreviation (mm) on financial statements, which stands for millions. Unfortunately, this practice can occasionally cause ...
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Apr 9, 2021 · A cash loan of $10MM on the books would mean $10 million and so on. The MM abbreviation can also be applied to clients, units of items, and any ...
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