Answer Posted / lavanya
Befor Tax deduction and deducting expenses is gross profit.
Net profit means after deduction all the expenses and taxes.
Net Profit = Gross income - Expenses
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
Can anybody tell me diference between provisions of Profit and Loss account prepared as per company act & Income Tax Act?
What are the disadvantages of double entry system?
how can we get a leaverage in intraday market if are not a professional acount holder?
Revenue Expenditure
I have 4 four category of emplies say Admn/Markting/Procurment/Production and the employees of thee category have there bank accounts in 5 or six different banks. How can i generate Payroll advice for the employees having account in A Or B OR C Or D falling under above category
What is the difference between Accruals and Provisions?
What is an adjusting journal entry?
how pass journal entry in the month ending for input vat and out put vat
My question is on Opening & Closing Stock Suppose Closing stock of 2014-15 is Rs 30 lakhs & Also we filed return & ROC too for 2014-15. Opening stock for 2015-16 should be Rs 30 lakhs but we found that some purchase for feb & March 2015 Stock has been entered in tally Its taken directly to purchase split of stock not made & in sales to same of 2 lakhs no split of stock is shown. Those stock need to make changes in 2015-16 what was the process ? And what will be adjustment entry ?
How Can We Justify the,Real A/C & Nominal A/C?
Any body would tell me how to takeover withholding tax at the time of go live in sap fico
What are the steps to take before you approve an invoice for payment?
HI, i was given only 1st round and i made it through the first round, then was sent for the final HR round.In the HR round the HR manager dint ask me a single question of the related job,all he asked was as following:- i)what are your salary Expectations ii)are you ok to do night shifts.then he thanked me and said he will let me know by 2 days,when i asked him for any feedbacks and suggestions he said that he will let me know only after 2 days.SO please help me what shall i expect from this one of a kind interview. Many thanks in advance.
Give ONE reason for Balance Sheet to be out of balance
hi ,i need some suggestion,comptd my graduation in 2012,but i wasted my time for 6 month,just i want 2 escape from this question,what u did for 6 months,how can i give proper anser to them?pls suggest me
