What is Gross Income?

Answer Posted / sameena

Gross Income implies as Gross profit i e gross profit
(opening stock +purchases +direct expenses-closing stock)

Is This Answer Correct ?    2 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is Insider Trading ?

1714


business sepsarate entity concepts

1699


During Cutover Activities of New SAP Implementing Company what we have upload for Closed Fiscal year (that means Legasy to SAP ) Balance sheet or Trial Balance , What is the difference of the Both?

1508


i AM CURRENTLY DOING B.COM. i INTEND TO PURSUE MY MASTERS AT USA IN ECONOMICS AND FINANCE OR ACCOUNTING...CAN U TELL ME THE CRITERIA AND WHICH EXAM DO I NEED TO QUALIFY FOR???

1512


---------is the main or principle book of accounts

1391






Ledger Is The Principle Book Of Accounts In Business. Do You Agree For It. Comment On Your Confirmation?

1673


Short answer on____________Assessment Year

1358


please give me a last 10 years sbi clerk question and answer paper

1536


Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?

621


Accounting related interview questions on ibm

945


Distinguish between sale and consignment

1547


The Closing stock balance on the cr side of Tarding Proft and Loss A/c due to this our revenue so when we isued the material or used in production then whats happen with closing stock(I think Closing Stock will dr after Isuabce/use materil in Production)if its correct tell me

1536


fridge was capital or revenue?

1791


I have complited my ERP course in FICO module. Now I want to work in ERP package. Please suggest me how I will apply for the organisation works in ERP environment.

1467


You been asked to prepare a training class for completing expense statements. What points will you emphasize to insure accurate expense statements are submitted?

1835