Interested to Buy Any Domain ? << Click Here >> for more details...
where do you consider salary in an income statement?
whether it is to be taken before gross profit or after net
profit? answer with reasons.
- 2 Answers
- 6209 Views
- HP, I also Faced
- E-Mail Answers
Answer Posted / srinivas annavarapu
Salary will come under expenditure and will be debited to
P&L account after gross profit to arrive at net profit.
The reason is Salary is an administrative expenditure hence
it is to be taken after GP and before NP.
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
we are in contraction business, we purchase raw material and paid tax on related material, suppose we want to bill to our party in WCT?
Please let me know what to answer how long you prepared for SBI exam? if selected your credit goes to whom?
why should the company give first perference to the perference shareholders?
How the sub ledgers(AP, AR) integrate with GL liability and receivable
Could u show me the sample TDS Document / Template
What is Going Concern, What is Dual Entry , What is Business entity and what are the names of Stock exchanges and currency of some countries, stock market related questions, Exchange rates, Banks and other informations
Difference Between Revenue & Capital Expenditure (Give an Example of each )
WhatIs the limit of duty exemption in smal scale industries.
Expand-------NBTA
Expand-------BANT
who introduces the single entry format?
what salary you expect???
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
Debit Note & Credit Note?
I am going to attend an interview for the post of jr. Accounts Officer in airport authority of india,pls help me to prepare for the interview??
