Answer Posted / theertharao

it is the amount what you earn by selling your product or
services.

Net Income:

It is the amount what remains in the end from revenue you
earn after deducting all costs which you have incurred for
making that product or providing services.

Example:

for example if you go and give tution to somebody and that
person gives you 100$ then this is your revenue. but you go
to teach and pay texi fare of $10 for reaching the tution
centre then this taxi fare is your cost and you will deduct
this cost from your revenue to reach to net income of $ 90.

Net Profit = Revenue - Cost
$90 = $100 - $10

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Dear sir i had been called for ntpc interview and gd next month..please guide me for it!

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closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?

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what is audit mean? what is vouching? how to finalize the account? what is the meaning of + cast < as per last year auditor’s a/c ^ as per ledger JV journal voucher PV payment voucher AJV authorised journal voucher APV authorised journal voucher RV receiving voucher PCV petty cash voucher CPV cash payment voucher DN debit note DO delivery order PO purchases order CN credit note PS policy schedule RPS renewal policy schedule B bill Cx cross check nCx cannot cross check CB cash bill L list/letter SRF stock requisition form R report OR office report INV invoice DS deposit slip AB assessment bill Re receipt ECF entertainment claim form ATRF air ticket requisition form

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