what is gross profit?
Answers were Sorted based on User's Feedback
Answer / mohd akber
The final representation of how much money a company has
earned. From doing business over the course of a year, shown
on the company's Income statement. It takes all the money a
company has received from operating and subtracts all
expenses, Including operating Expenses financing costs and
taxes. Net profit is calculated as total revenue minus total
expenses.
| Is This Answer Correct ? | 0 Yes | 1 No |
Total numbers of companies listed on stock Exchange?
I know that rate of stock turnover = cost of goods sold/ average of stock. average of stock = (opening stock + closing stock)/ 2 what happens if it is a new business with no opening stock? do u take closing stock/2 or simply just take closing stock as the average stock figure?
Expand C B D
your purchases 10 Furniture from Other company, your starting own furniture business. each furniture value is Rs.1000/-, your business purpose use 2 furniture. and other furniture are sales purpose ! pls tel me Purchases Entry !
what is private sector banking and public sector banking
1 Answers State Bank Of India SBI, TATA,
How Many Points include in Mat Calculation , what is the different bitween Gross Profit & Book Profits?
Mac Purchased on 15th Jan 12000/- 30th June Machinery damaged due to Fire Accident 31st Dec received the Insurance Premium 13000/-. Pass the Journal Entry for all the above three
Compute the following selling price for the follwing item: Basic cost CST @ 4% on basic cost freight & insurance Rs 200/- Margin @ 15% on selling price
why the loss by fire taking in to the credit side of the trading a/c.instead of this is company's loss?
RULE IN GARNER VS MURRAY
When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm
what is cost audit?