Explain Gross Profit
Give a brief introduction of the term ‘Gross Profit’?
Expert
Gross Profit is a company’s revenue subtracts its cost of goods sold. It is also termed as gross income and gross margin. It is computed through subtracting all costs related to sales that is, manufacturing expenditures, raw materials, labor, and advertisement and selling expenditures from sales. It is a sign of the managements’ effectiveness to use labor and material in the production procedure.
Gross Profit = Net Sales – Cost of Goods Sold
Give a brief explanation of the term accounting standard.
Describe briefly the term capital expenditures?
Give a small introduction of the term ‘Merrick Differential Piece Rate System’?
Give a brief introduction of the term ‘Convention of Consistency’?
Write down the agencies which are authoritative to do credit rating in India?
What do you mean by the term Siebel Gateway? Briefly explain it.
Provide a brief introduction of the term Cost Accounting?
he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
While preparing a bank reconciliation statement what are the significant things to be remembered?
Accounting Theory 7edition, by Godfrey J., Hodgson A., Tarca A., Hamilton J., and Holmes S. Chapter 2: Theory in Action 2.2 “Normative Theories of Investment” Chapter 3: Theory in Action 3.1 “Companies should come clean on the value of leases on their books” Chapter 5: Theory in A
18,76,764
1929699 Asked
3,689
Active Tutors
1460742
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!