Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Diff between Net profit & Gross profit?

Answer Posted / barodianbuddy(acca)

SIMPLY (ACCORDING TO IAS 1),
GROSS PROFIT= REVENUE - COST OF SALES
NET PROFIT OR PROFIT FOR THE YEAR = GROSS PROFIT + OTHER INCOME - DIST EXPEN - ADMN EXPEN - OTHER EXPEN - FINANCE COST - INCOME TAX EXPENSE.

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is accounting chart of accounts?

1122


my question is I am finance student I want to know which type of the question are asked by the interwier in interview.

1980


Who owns the general ledger?

1045


How to make deductions of the employees from salary against the loan in AP module oracle R12

2178


we are import a cnc machine, we have availed customs duty, CVD & Additional duty credit?

1951


what is the Journal entry for credit card bill paid from same bank account

1710


when & how interest on unsecured loan is calculated?

1907


Do you know compound journal entry?

1102


What do u mean by press releases

2124


Which forms in use in service Tax, Excise duty and Vat for the return.

2098


Tell me whether the account “cash” will be credited or debited, when a company pays a bill?

1055


April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800. April-26 Received a cheque from Mr. B in full settlement Rs. 4900.

3387


Sir how the enter of GST adjust of sales return

1696


What are the various systems of accounting? Explain them.

976


a cheque is received from a debtor and is deposited in the bank on the same day. what will be the journal entry?

1481