Answer Posted / mahendararaj
Revenue meant whatever we will get cash from the customer due
to sold, But profit meant after deduct reasonable expenses (
Direct or Indirect Expenses) Ex. We sold vehicle for Rs 20000,
and we paid Rs 2000 Salary for the salemen. The revenue is
20000, Profit is 18000.
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Purchase order value Rs. 10000/- 0.7% is erection chareges (inclusive of the above price) central Excise applicable & Local sales tax applicable,The above price is inclusive of all taxes.
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