what do you mean by cash profit
- 3 Answers
- 8657 Views
- Capital IQ, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sudhir anchan
are u know about accural basis and monetary basis. accural
basis means every transaction which are done 1 financial
year are entered and cash basis means every sales which are
form in cash are enter. book profit means profit which are
earned in 1 financial yera (accural basis) and cash profit
means profit earned on the basis of cash basis. book profit
are shown in the profit and loss a\c for the purpose of
income tax and cash pofit are for bussiness men with help
of this they known about what the standard of cash inflow
and outflow.
| Is This Answer Correct ? | 12 Yes | 1 No |
Answer / sampath
cash profit is the profit is comes form cash sales.
| Is This Answer Correct ? | 8 Yes | 7 No |
Expand ctc cheque?
A company issues new debentures of Rs.2 million, at par; the net proceeds being Rs.1.8 million. It has a 13.5 per cent rate of interest and 7 years maturity. The company’s tax rate is 52 per cent. What is the cost of debenture issue? What will be the cost in 4 years if the market value of debentures at that time is Rs.2.2 million?
why are accounting firms needed?
ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10
Manoj & Mahavir joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Manoj 90000 Withdrawals of Mahavir 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.
when & how interest on unsecured loan is calculated?
FROM WHERE I WILL GET PREVIOUS QUESTION PAPER OF JUNIOR ACCOUNTS OFFICER TEST OF B S N L
Difference between Debit Note & Debit Memo????????
GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?
we have worng credit in Rs.10000 in bank a/c on 31/03/201 so Please give your idea in matter . what entry made in book of accounts.
Have you ever made mis reports and what are they?
1. WE RUN A OFFICE IN RENTAL BUILDING, MY QUESTION IS A) I TREAT THE OWNER OF A BUILDING AS CREDITOR AND PASS JOURNAL VOUCHER IN TALLY AT THE END OF THE MONTH (OR)I SIMPLY ACCOUNT THE RENT TO BE PAID AS OUTSTANDING EXPENSES AND AFTER AT THE TIME OF PAYMENT I PUT PAYMENT VOUCHER , PLEASE ADIVICE ANY OTHER OPTION ALSO?
Audit 
