Answer / anjali

Gross profit is the amount left over from the sales after
product manufacturing costs( cost of good sold) are taken
out.
Sales - Cost of good sold = Gros profit

Answer / swarnalatha

sales minus cost of goods sold

Answer / dharmesh sati

Revenue via Sales minus Goods cost for generate that
Revenue

In short Revenue - Cost of Good mease Gross Profit

Answer / sricharan babu m

It is a profit before charging any expenses like operating,
sales and administrating. here we will deduct only
production cost from sales.

Traditional clasifications of accounts

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What is Accommodation Bill

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Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,

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How should you treat money donated to improve a building, which is a permanent endowment?

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Define capital

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what is Derivative Documentation,Derivative Settlements,Derivative confirmation?

0 Answers   UBS,

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cash sales and credit sales both are asset or liability?

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what are the customization u have done in sap mm

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concepts of accounting

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please send me some previous sbi clerical interview questions to my email id....

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How shall I calculate the true profit of my business, as I am a layman for accounting.

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what is fundamentals of accounting ?

15 Answers  

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