Interested to Buy Any Domain ? << Click Here >> for more details...
4. What is the difference between gross profit and net
profit?
- 17 Answers
- 51478 Views
- BSNL, Elgi Equipments, Genpact, IIPM, KIIT, Reliance, I also Faced
- E-Mail Answers
Answer Posted / ca
1. GROSS PROFIT = [OPENING STOCK + PURCHASE ( PURCHAS -
PURCHASE RETURN) + DIRCET EXPENSES] - [SALES ( SALES -
SALES RETURN)+ CLOSING STOCK].
NET PROFIT = [GROSS PROFIT + INCOMES] - [EXPENDITURE]
2. GROSS PROFIT INCLUDED THE DIRECT EXPENSES.
NET PROFIT INCLUDED ONLY INDIRECT EXPENSES.
CALCULATION :
1. NET PROFIT = GROSS PROFIT + ALL INCOMES - ALL
EXPENDITURE.
2. GROSS PROFIT = NET PROFIT + ALL EXPENDITURE - ALL INCOMES
| Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
is it possible that on dealer of work contract can opt composition and non-composition both scheme in dvat?
sir, i am working recruitment con.pvt ltd inthat one person salary will pay per month Rs.28000/- so i want to enter in our books only one salary payment or basic pay and spl.aa and others like this break up entrys we will pass please suggest
How to Calculate Mortgage?
interest paid comes under which head
Why you choose commerce faculty & not science or Why you are in commerce & not in science ?
Who will be called as consignee
with out college degree con't we dc accounting job?
reason for difference in Balance sheet (Asset side & Liabilites side)
Take me through the entire vendor cycle.
What do u mean by pass through expenses? give examples, how it will be accounted & billed?
How Many Types of Excise Duties?
where does the closing stock appears in the trial balance?
what are the customization u have done in sap mm
how can i make configration relation with inflation in sap
would gross expenditure vouch the correctness or otherwise of the given expenses?
