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What is Gross Income?
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Answer / siva kumar
direct incomes over direct expenses is called a gross
income.
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / mohammedghousemohiuddin
Gross income is nothing but a gross profit.
Gross profit = opening stock + net purchases +direct
expenses - Closing stock
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / md mustafa
Gross profit = Net sales – Cost of goods sold
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / guest
Gross Income is a term used in the Charities Act 1993 in
relation to thresholds for scrutiny of non-company charity
accounts, the preparation of accruals accounts, preparation
of annual reports and submission of annual reports and
accounts to the Commission.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / preeti sharma
gross income is calculated in the trading account.trading
account is related to direct income and expenditure.gross
income is always put of dedit side and gross loss credit
side in the tading account.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / 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 |
Answer / tara
GROSS INCOME IS NOTHING BUT A TOTAL INCOME OF THE WORK.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / saraswathi.m
Gross Income is nothing but Total income before taxes or
expenses are deducted
| Is This Answer Correct ? | 0 Yes | 0 No |
From the following data calculate (i) P/V Ratio (ii) Profit when sales are Rs.20,000 and (iii) the new Break-Even Point, if the selling price is reduced by 20% Fixed expenses Rs. 4,000 Break-Even-Pont Rs. 10,000
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