Finding Net profit
This query is : Resolved
Neethu Abraham
(Querist)
08 May 2011
Rent Rs.10000; Provision for bad debts(old) Rs.10000; Salaries Rs.8000; Apprentice Premium(credit) Rs.12000
Gross profit Rs.70000
Net profit of the firm will be__________? and how?
Gross profit Rs.70000
Net profit of the firm will be__________? and how?
09 May 2011
Net profit of the firm will be Rs.54000/-
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CA. Krishna K Neeraj
(Expert)
09 May 2011
54000/-. simple calculation
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Neethu Abraham
(Querist)
09 May 2011
but the answer key says that t z 74000.....so i got.... anyway thank u for ur reply....
CA Gunjan Kedia
(Expert)
10 May 2011
Hi Neethu,
i think the answer key is right. the answer to this question is indeed 74000. here is how it works out:
Gross profit - 70000
+ old PBD - 10000
+ App Premium - 12000
- rent - 10000
- salaries - 8000
Answer = 74000.
gud luck !!
i think the answer key is right. the answer to this question is indeed 74000. here is how it works out:
Gross profit - 70000
+ old PBD - 10000
+ App Premium - 12000
- rent - 10000
- salaries - 8000
Answer = 74000.
gud luck !!
Message likes :
1 times
Neethu Abraham
(Querist)
10 May 2011
Thank u sir.. Now my doubt is cleared.
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