4. What is the difference between gross profit and net
profit?
- 17 Answers
- 46692 Views
- BSNL, Elgi Equipments, Genpact, IIPM, KIIT, Reliance, I also Faced
- E-Mail Answers
Answer Posted / amir
Gross Profit is showed Dr side in the trading A/c and it
shows that how much company gained during the period on the
sales and all the direct expenses will be included for
calculating G/P whereas Net profit is showed dr side in the
profit and loss A/c and balance of gross profit is showed
cr side in the profit and loss a/c whereas net profit is
showed liabilities side in the balance sheet and added in
the capital .
| Is This Answer Correct ? | 38 Yes | 10 No |
Post New Answer View All Answers
Do you need an income statement if you do part time contract work at home?
you went outside to purchase vegetagles, suddently big rain came then what you will do
Mention some of the major contributions made by you in your present and previous jobs
please tell me questions asked in NICMAR for the post of accounts executive
What is inter-corporate deposits? and where it is shown in balance sheet?
why you choose accounting as your career ? ?
where does the closing stock appears in the trial balance?
what is mean by traditional accounting ?
I need all WNS interview questions
WHAT IS THE DIFFERENCE BETWEEN PUBLIC COMPANY AND PRIVATE COMPANY? MUTUAL FUNDS? GOOD WILL? ABOUT YOUR PROJECTS?
Ram retired from partnership. The partners with mutual consent agreed to put the capital balance as on the date of retirement as loan to the firm @ 18% pa. The credit balance to his capital account was Rs 325000/- Pass necessary entry
Expand CCIT?
what is the main link between the income statement and the balance sheet?
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.
write about an e-mail to manager seeking permission for leave
