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Gross profit method

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(Querist)
03 September 2019 Dear Sir

Please guide to me about gross profit method

how to calculate.

i am not asking for formula
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
03 September 2019 Gross profit = Sales minus Cost of Goods sold
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
03 September 2019 cost of goods sold is material plus all the direct expense including labour and other direct overheads



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Amol S Joglekar

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Amol S Joglekar (Expert)
04 September 2019 where do you want to use gross profit method?
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Amandeep Singh

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Amandeep Singh (Querist)
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
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Amol S Joglekar

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Amol S Joglekar (Expert)
05 September 2019 it should be shown at actuals.

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