Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / dkgm
Here is how you reach net profit on a P&L (Profit & Loss) account:
Sales Revenue = Price (of product) X Quantity Sold
Gross profit = sales revenue – cost of sales and other direct costs
Operating profit (EBIT, earnings before interest and taxes) = Gross profit – overheads and other indirect costs
Pretax Profit (EBT, earnings before taxes) = operating profit – one off items and redundancy payments, staff restructuring – interest payable
Net profit= Pre-tax profit – tax
Retained earnings = Profit after tax – Dividends
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
Tell me how you can adjust entries into account?
Define and distinguish between flexible and floating exchange rate system. What kind of exchange rate system does china have?
all ques. related to accounts?
A loan of 10000 with 10% interest is fully due after 6 month. What will accrue differed, outstanding?
India me ,suppose that hmare pass 190000 Rs hai,to kitna tax lgega,or kis heshab se lgega,
I select in Vendor Master - in defualt data material - Purchasing Group as a Subcontractor but how to get report or list only Subcontractor Vendor Master in sap?
Tell us what is a cpa?
What do you mean by gaap in accounting?
what is the head for stock trnasfer
Is financial accounting necessary?
How can do it TDS in accounts?
How much mathematics knowledge is necessary or required in accounting?
What is the definition of offset accounting?
Hi I would like to know what is journal entry for buying securities with Margin Trading I mean 50% of cost is paid by broker. 2nd question is when we withdraw extra money from the balance we have in bank account which means our balance become (-) what is journal entry for that, should I just credit the bank or should I put the extra money with-drawled as a liability account ? Thank you in advance!
What are the different branches of accounting?
