Gross profit method


This query is : Resolved 

03 September 2019 Dear Sir

Please guide to me about gross profit method

how to calculate.

i am not asking for formula

03 September 2019 Gross profit = Sales minus Cost of Goods sold

03 September 2019 cost of goods sold is material plus all the direct expense including labour and other direct overheads

04 September 2019 where do you want to use gross profit method?

05 September 2019 Sir,
We have have business of Marble Cut piece. i want to use there. Coule you guide to me how much GP we needs to show in books of account

05 September 2019 it should be shown at actuals.


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