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Harsha (Querist)
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22 August 2014 can someone please give me a clarity in the concept of gross book value and net book value! and gross profit and net profit

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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22 August 2014 gross book value is value before charging any depreciation on asset and net gross book value - depreciation

same way gross profit is before charging any revenue exp and net profit = gross profit - all revenue exp

Rupesh Jain

Rupesh Jain (Expert)
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22 August 2014 gross book value is cost of assets
net book value is value of assets after depreciation

gross profit- is profit after deducting direct exp. from the sales value

net profit after direct and indirect exp. form the sale value.

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