what is net profit?
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Answer / abdul bari
Net Profit = Gross profit + Indirect income -Indirect
expenses
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / ranjith
ASSETS-LIABILITIES=0
NET PROFIT WILL BE CALCULATED AS FOLLOW:
GROSS PROFIT-(SELLING EXPENSES+ADMINISTRATIVE OVERHEADS)=NET
PROFIT
| Is This Answer Correct ? | 6 Yes | 3 No |
Answer / praveen kumar
net profit will be calculate as follows;
netprofit=gross profit-(administrative ,selling
&distrabuted expenses+other expenses)
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / chari
Net Profit = Gross Profit+Indirect incomes-All indirect
expenses.
Net Profit = All Indirect incomes- All indirect expenses+
Gross Profit.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / sailaja kondepudi
Net profit means the profit after deducting the Direct
Expenses + Indirect Expenses from the Gross Income
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / rajesh
Net profit means excess of revenue over expenditure is
called net profit
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / ravi
assets- liabulites (is one other meaning privious
calicated by net profit
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / heena
net profit is simply when expenses are less than income.
| Is This Answer Correct ? | 1 Yes | 1 No |
how do you prepare the mis reports and prepare the one example report stating your accounts department proforma
Answered but misspelled pl correct HELPS US TO KNOW THE ARTHEMATICAL OF THE BOOKS OF ACCOUNTS (ANS.NCELABALAIRT)
What is the Profit & Loss Account?
Short Answer on _________Cost Accounting
What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times
Assets are held in the Business for the purpose of____________________
Compare and contrast the accounting procedure followed by a sole trader and a partnership firm.
Expand---------RTPS
Expand ------RGGVY
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
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list out the accounting concepts and explain the accural concept
10 Answers Capital IQ, College School Exams Tests, SNE,
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