what is the diffrence between gross profit& net proffit?
Answer Posted / shaik bajivali
NET PROFIT IS THE PROFIT THAT ARAISES AFTER THE DEDUCTION
OF ALL EXPENSES INCLUDING OFFICE EXPENSES.
AND GROSS PROFIT ARAISES AFTER DEDUCTIONS OF ONLY TRADING
A. CEXPENSES AND IN THESE ONLY MANUFACTURING COST IS
DEDUCTED
| Is This Answer Correct ? | 4 Yes | 6 No |
Post New Answer View All Answers
define holding company,public company, if the compnay be a public company what will the criteria? asked on 30/7/09
Short Answer on __________Measurement
what is mixed invoice, prepaid invoice,quick invoice,podefault invoice,withholding tax invoice,please explain me in detail?
Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?
Expand-------NSAC
what is the use of accounting standards
what are all the formulas used in bank to calculate their economy
how to work on CMA form in manufacturing compay as well as how to analysis working capital ?
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
Short answer on Amalgamation
Short answer on____________Assessment Year
what is the uniform public construction cost accounting act?
outstanding expenses, prepaid or unexpired expenses
Is TDS applicable to Voice Over IP(VOIP) service to an India VOIP service provider? please provide the related acts and case studies.
what is buy bach shares?