Answer Posted / deepak choudhary
Gross profit is the difference between Sales and Cost of Sales. Cost of Sales is the purchase price of the goods to be sold together with the cost of getting them ready for sale.
eg A manufacturer would charge production labour and some overheads to Gross Profit.
Net profit remains after all expenses except for profit tax have been charged to the gross profit. These may include Staff salaries, rent, rates, motor expenses, auditors' remuneration etc.
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
India me ,suppose that hmare pass 190000 Rs hai,to kitna tax lgega,or kis heshab se lgega,
What is the diffrent job&project accounting?
describe the rule of garner vs murray and how it relates to the dissolution of a partnership
hi to all.... what is the treatment for Work-In-Progress in Tally...please answer for it as early as possible... thanks & regards
i need clarification about tds will be calculate before deductions or after deductions on gross salary+incentive
what is consumer product accoutning?
What are the nine accounting cycles?
Tell me what would you say are the most important qualities of an account manager?
What is capital adequacy ratio? What is demat account?
example wrongly financial statments showing vat refund (under Advances) for the finanical year 08-09 , but present assement year after assement by cto given vat refund more than ledger showing balance then decided to every month set off vat payable to vat refund(advance) but more than recoverd compare with company and cto then what is the entry to be take.
how will you adjust voluntary seperation payment in cash flow statement
1.what is the entry of petrol of payment made by credit card of owner? 2.what is the entry of petrol of payment made by credit card of Company?
What is the definition of accounting?
Capital secure should be shown in which side of the balance sheet?
What is meant by partitioning?