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Difference between operating profit and netprofit.
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Answer / srinivas sudagoni
Operation profit is the difference between Gross
profit-Operating expenses.
Net profit is the difference between operating profit
- non-operating expenses.
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Answer / charan10
operating profit is the measure of the companies earning power from ongoing operations, equal to the earnings before deductions of interest payments and income taxes. while net income is equal to the income that a firm has after subtracting cost and expenses from the total revenue. net income can be distributed among holders of common stock as a dividend or held by the firm as retained earnings.
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when i am running the bank statement import program in reconciliation module, in the program parameters when i try to select the statement numbers, the fields were showing the list of values contains no entries. Please help me out..
Liabilities: 2006 2007 Assets 2006 2007 Trade Creditiors 100 40 Cash atBank 100 65 Bills Payable 50 60 Account/R 105 120 Outstanding Expenses 25 20 B/R 130 140 Bonds Payable 220 140 Inventory 110 40 Accumulated Depreciation: Machinery 120 160 -on Machinery 30 35 Building 300 310 -On Building 75 85 Land 60 130 Reserves 100 115 Patents 55 60 Retained Earning 130 170 share Capital 250 360 Profit from operation after providing Rs.10,000as depreciation on building and Rs.10,000 on machinery and Rs.5,000 as amortization on patents for the year 'April 06- March07' was Rs.35,000. Other revenues for the year were Rs.40,000. An old machine with original cost of Rs.15,000 was sold at a loss of rs.5,000. Prepare Fund Flow Statment and Cash Flow Statment for the year ending March 31 2007 based on the information given above.
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