Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Calculation of Gross Profit Or Gross Loss give example?

Answer Posted / swetha singh

Gross Profit or Gross Loss can be determined by preparing a
trading & Profit & Loss a/c

Excess of credit over debit, the difference amount gives
you gross profit.

Excess of debit over credit, the difference amount gives
you gross loss.

Is This Answer Correct ?    4 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

WHAT ABOUT YOUR SELF IN ACCOUNTING SYSTEM

2120


AL+w button lanunches the .............. installed web brower

2097


How do you build a successful business relationship?

1087


HOW WE MADE ENTRY OF SURCHARGE ON VAT PURCHASE IN PUNJAB

2187


Explain what is double-entry accounting? Explain with an example?

1082


What do you mean by material facts in accounting?

1068


i am normally accountant. i am not a CA. then i learn a account maintain

1831


how many types excise audits and when they are applicable to firm

2077


What do you mean by ledger posting?

1071


Hello Friends, I am Vinod Rawat & want some tips of interview question for the post of accountant in a reputed company Pls. Given Examples.

2018


Explain what is bank reconciliation?

3883


Cash Processing

2407


How do you classify errors in accounting?

1173


if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?

1542


Explain under what type of account does the unearned revenues fall?

3922