Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / dkgm
Here is how you reach net profit on a P&L (Profit & Loss) account:
Sales Revenue = Price (of product) X Quantity Sold
Gross profit = sales revenue – cost of sales and other direct costs
Operating profit (EBIT, earnings before interest and taxes) = Gross profit – overheads and other indirect costs
Pretax Profit (EBT, earnings before taxes) = operating profit – one off items and redundancy payments, staff restructuring – interest payable
Net profit= Pre-tax profit – tax
Retained earnings = Profit after tax – Dividends
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
What all are the documents need to check for a supplier payment?
what is capital reserve
what is tax deducted at source
You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically
Can u please send me a set of accounting base questoin with answer,genraly ask by interviewer?
sir i want to know that where we taken entry of sals return in excise in manufecturing unit tell me .
Why is accuracy important in accounting?
The Horse bought rs. 2000 on Jan.20th died, its carcase was sold for rs.50 loss rs. 1950 what is journal enty
how will decide that vender payment is ok without reco
FROM WHERE I WILL GET PREVIOUS QUESTION PAPER OF JUNIOR ACCOUNTS OFFICER TEST OF B S N L
Tell me what are the key tasks for account executive?
What is the important of computerized accounting to manual?
HI I AM WORKING IN A INTERIOR DESIGNING COMPANY.WE ACTUALLY GET PROJECTS FROM CLIENTS & WE SUBCONTRACT THE WORK WE USUALLY SUBCONTRACTS THE SUPPLY OF LABOUR & SUPPLY OF MATEIALS TO SUBCONTRACTORS.WE DONT HAVE LABOURS OF OUR OWN & ALSO PRODUCTION OF MATERIALS.HOW CAN I TREAT THIS IN TALLY IS THERE ANY OPTION AVAILABLE IN TALLY FOR SUBCONTRACTING OR SHALL I ENTER THE NAME OF SUBCONTRACTORS AS SUNDRY CREDITORS AS WE DO USUALLY IN TALLY.PLEASE DO LET ME KNOW ABOUT THIS 0554125475 IS MY NUMBER
Tell us what is your proudest accomplishment?
Do you know retail banking?
