4. What is the difference between gross profit and net
profit?
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
Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Dear Sir, My qus is my co. purchase a laptop from Abc.co. for rs-37200 on credit Emi basis from hdfc bank. i paid every month 6200rs as a installment. so i want to know how i make a entry in tally 9. and also want to know i creat laptop ledger under fixed assets or office expenses. plz tel me soon.or mail me .
define accounting,scope of account , types of account ?
Reserve Capital and Reserve Capital
How to reconsile vendor accountswhat to add and subtract is there any standard form please get me answer
Short Answer on _________Commerce
We are working as Merchant Exporter. My Question is can we Sale the products against 'H' Form to the Exporter after purchasing the material against 'C' Form? Or only Manufacturer can make sale against 'H' Form.
how to prepare the balance sheet of private ltd. company & what roll should be play by Income tax, compnay law & accounting standard in India & world.
what is circuit filter?
Short answer on____________Assessment Year
How do you set the increment point in appraisal of salaries. It becomes so difficult for the employer to hear again and again about increment
Nike,Inc. has developed a variable-overhead rate of $10 per machine hour,and estimates fixed overhead $250,000 for production up to 100,000 units per year. If the production manager estimates 9,000 machine hours for the production of 90,000 units next year, what are estimated variable-overhead costs?
Raju put labour charges bill for Rs 65000/- You are directed to deduct 5% security deposit and 1.15% TDS from the bill. Pass journal entry for it
HOW MUCH LATEST ACCOUNTING STANDARDS , TDS RATE , INCOME TAX RATE, EXCISE , VAT , SERVICE TAX & FBT RATES? (PLS. ARRANGE TO SEND THE RATES FOR ABOVE IN CATAGORY & LIMIT WISE)
impairment & Amortisation Means
i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............