Clarity required

This query is : Resolved

Harsha (Querist)
Follow

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)
Follow

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)
Follow

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now