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what is net profit?
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Answer / abdul bari
Net Profit = Gross profit + Indirect income -Indirect
expenses
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / ranjith
ASSETS-LIABILITIES=0
NET PROFIT WILL BE CALCULATED AS FOLLOW:
GROSS PROFIT-(SELLING EXPENSES+ADMINISTRATIVE OVERHEADS)=NET
PROFIT
| Is This Answer Correct ? | 6 Yes | 3 No |
Answer / praveen kumar
net profit will be calculate as follows;
netprofit=gross profit-(administrative ,selling
&distrabuted expenses+other expenses)
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / chari
Net Profit = Gross Profit+Indirect incomes-All indirect
expenses.
Net Profit = All Indirect incomes- All indirect expenses+
Gross Profit.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / sailaja kondepudi
Net profit means the profit after deducting the Direct
Expenses + Indirect Expenses from the Gross Income
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / rajesh
Net profit means excess of revenue over expenditure is
called net profit
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / ravi
assets- liabulites (is one other meaning privious
calicated by net profit
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / heena
net profit is simply when expenses are less than income.
| Is This Answer Correct ? | 1 Yes | 1 No |
why is it called profit and loss account why not profit or loss account, ( u either get profit or loss )
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In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.
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