4. What is the difference between gross profit and net
profit?
- 17 Answers
- 52277 Views
- BSNL, Elgi Equipments, Genpact, IIPM, KIIT, Reliance, I also Faced
- E-Mail Answers
Answer Posted / hafeez
Here is how you reach net profit on a P&L (Profit & Loss)
account:
1.Sales Revenue = Price (of product) X Quantity Sold
2.Gross profit = sales revenue – cost of sales and other
direct costs
3.Operating profit (EBIT, earnings before interest and
taxes) = Gross profit – overheads and other indirect costs
4.Pretax Profit (EBT, earnings before taxes) = operating
profit – one off items and redundancy payments, staff
restructuring – interest payable
5.Net profit= Pre-tax profit – tax
6.Retained earnings = Profit after tax – Dividends
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Sir i am working in 3 star hotel as a senior accountant i need some general letter drafts pleas do the need ful
please send me some previous sbi clerical interview questions to my email id....
please send me last 3 years question & solution
What is the use of final account?
CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c
Dear All, Please reply ASAP. I have an account with SBI and ICICI bank. I have mention the Authorised bank address of SBI in our Shipping bill and GR. But we have received the Payments in ICICI Bank. Please inform who are able to realise the Bank Realisation Certificate (BRC)ICICI or SBI. Can SBI are quolify for refuse for BRC Application. Please reply of this query on jani_janikalpesh@yahoo.com regards Kalpesh Jani 9978912950
Hi Im Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Clerical post. Please help me I f u can. thanx in advance
HOW MUCH LATEST ACCOUNTING STANDARDS , TDS RATE , INCOME TAX RATE, EXCISE , VAT , SERVICE TAX & FBT RATES? (PLS. ARRANGE TO SEND THE RATES FOR ABOVE IN CATAGORY & LIMIT WISE)
You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000
what salary you expect???
You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
plz send me the accounting questions and answers of bank of america.
Please send the clerical exam questions and answers to my mail Id pinky18.02.1985@gmail.com
WHEN IN ADJUST. GIVEN THAT THERE IS VALUE OF RS...., OBSOLESCENCE STOCK INCLUDED IN CLOSING STOCK RS.......,WHAT IS THE PROPER WAY TO SHOW IN INCOME STATEMENT AND POSITION STATEMENT.
plz send me hsbs finance questions asked in the interview ans appitude also
