what is a gross profit ratio?
Answers were Sorted based on User's Feedback
Answer / yadav kuldeep
Gross Profit Ratio= (Gross profit /Net Sales)*100
Gross Profit = Net Sales - Cost of goods sale
Cost of goods sold = (Op. Stock + Purchase+ Direct exp.)-
Closing stock
Net sales= (Cash sales + Credit Sales)- Sales return
| Is This Answer Correct ? | 15 Yes | 1 No |
i, transfer to capital redemption reserve is not allowed from A, GENERAL RESERVE B, PROFIT PRIOR TO INCORPARATION C, RESERVE FUND D, NONE OF THE ABOVE
what is journal entry for the credit sales and purchases
why loss is posted on asset side in balance sheet?
What is entry of Dishonored cheque issued to supplier
In which group " charity" will come under.....in tally?
What is journalizing? What are the columns of a journal?
Mutual Funds
why do we prepare balance sheet as on a particular date and not for a year?
sir, i m working in an ngo as accountant but new. pleas clear my doubt in tally. suppose 'a' salary is 5000. he taken 3000 advance from salary and not returned. i paid a cheque next month rest 2000. 'b' salary is 10000, taken 5000 advance from salary and returned so i paid him 10000 total salary. what all to do in tally. is the following procedure is ok or not?
Difference between Provisions and reserves
What are the important things to be remembered while preparing a bank reconciliation statement?
how to transfer fund useing cashflow and fundsflow?