Explain Net Profit
Give a brief introduction of the term Net Profit?
Expert
Net Profit or Operating Profit Net profit , as well termed as operating profit is real earnings of the company in a given era of time. It is a measure of the productivity after accounting for all costs. In easy terms, net profit is the money left over subsequent to paying all the expenditures including interest and taxes. It is the computed by subtracting total expenditures from sum total revenues. Net income can be also allocated between shareholders of the company or held through the firm as retained earnings for the prospect purposes. Net Profit = Gross Profit – Total Operating Expenses – Taxes – Interest
Describe briefly the term ‘time rate system of remuneration’?
Illustrate the place where the primary field of the MVG stored?
Give a brief introduction of the term ‘Convention of Conservation’?
Describe distinguish between the term Financial Accounting and Management Accounting?
Write down the purposes of making Cost Accounting?
Write down the factors which are taken in consideration while calculating cash inflows and cash outflows?
Describe briefly the term Direct labor cost?
In managing the labor cost what role does time keeping department play?
Briefly explain the term overheads?
How is the pricing of the issue done by following?
18,76,764
1941007 Asked
3,689
Active Tutors
1417823
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!