Describe the term Gross Profit
Briefly describe the term Gross Profit?
Expert
Gross Profit is a company’s minus revenue its cost of goods sold. It is as well named as gross and margin income. It is evaluated by deducting all costs related to sales that is, manufacturing expenditures, raw materials, labor, and advertisement and selling expenses from sales. It is an indication of the managements’ efficiency to employ labor and material in the production procedure. Gross Profit = Net Sales – Cost of Goods Sold
Write down the steps in procurement of material?
Mention out various methods for calculating depreciation?
Write down a brief contrast on the term Cost Accounting and Management Accounting?
Write down the advantages of IFRS.
Briefly describe the term labor turnover, its Effects and cost?
Write down the various kinds of expenditures considered for the reason of accounting?
Give a small introduction of the term ‘Taylor Differential Piece Rate System’?
Write down the SEBI rules for the issue of debt instruments?
Write down the scope of Management accounting?
Give a brief introduction of the term ‘Weighted Average Method’?
18,76,764
1926209 Asked
3,689
Active Tutors
1443051
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!