Answer Posted / hafeez

Here is how you reach net profit on a P&L (Profit & Loss)
account:

1.Sales Revenue = Price (of product) X Quantity Sold
2.Gross profit = sales revenue – cost of sales and other
direct costs
3.Operating profit (EBIT, earnings before interest and
taxes) = Gross profit – overheads and other indirect costs
4.Pretax Profit (EBT, earnings before taxes) = operating
profit – one off items and redundancy payments, staff
restructuring – interest payable
5.Net profit= Pre-tax profit – tax
6.Retained earnings = Profit after tax – Dividends

differnce between the 4.7 & 6.0 versions?

2204

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EXPAND_________SCM

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what is mean by account concept,and how to perpare a full accounting concept journal,ledger,trail balance,and balance sheet how it will prepare in upto fainalaztion.

2170

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WHAT IS THE DIFFERENCE BETWEEN COST CONTRL & COST REDUCTION

2063

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how u can control stock movments....like issuing raw materials receiving...in practical way..basically in ,y org we r using bin cards,barcodes etc but somehow need more concentration... help me frds..

2080

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Expand BFSI

2191

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How goodwill is accounted for the first time in a company .

2116

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commisiion recieved journal entry and receipt required

1516

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what are the type of cash flows?

2778

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Plz send me the questions that could be asked in an interview for a Bank Clerical job to suja_aln@yahoo.co.in. Thank you.

1980

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how there face in lvbank interview

2104

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We are running an educational institution in Karnataka,India. Is there any ceiling stating that if gross salary is upto this then only incentive or bonus can be paid?

2169

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When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?

2323

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All Accounting Question Related Send Me ..

2227

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Short Answer on ___________fluctuating capital

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