Interested to Buy Any Domain ? << Click Here >> for more details...
What is operating profit ? how is it different from Gross
profit ?
- 7 Answers
- 16246 Views
- I also Faced
- E-Mail Answers
Answer Posted / col ashwani
Net profit= Op profit-(Dep+Int+Tax)+other incomes-other
write off.
Op profit is not equal to net profit.
Net profit is used in balance sheet not the op profit
| Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
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 ___________Finance Bill
You configured new assets accounting for your company code with three depreciation areas that post in real time. When posting an external acquisition. How many documents are created?( any 1 answer) 2 3 4 6
1. Cold Ice, Inc. sells ice cream sells for $2 each. The variable costs per ice cream are $1 and the fixed overheard costs are $ 0.35. A summer camp wants to place a one-time order for 100 cone of ice cream at a price of $ 1.25 each. What is the minimum price hot dogs should be charge for this special order?
What is the Accounts Payable & Accounts Receivable ?
Why closing stock appears both in trading and Balance sheet? Why does it doesnot appear in trail balance.
how we will prepare n file income tax returns for individuals?explain
Under the accrual basis of accounting incomes are recognised at the time -------------------
What is a Balance Sheet & Profit & Loss Account?
Process of the settlement cycle?
We can add the no. of increase in shares due to exercise of the options.Why diluted eps is calculated separatey?
Why are there 30 blue-chip companies only considered in bombay stock exchange.And why those thirty only effect the sensex
define accounting,scope of account , types of account ?
Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?
Who will be called as consignee
