Gross profit method
This query is : Resolved
Amandeep Singh
(Querist)
03 September 2019
Dear Sir
Please guide to me about gross profit method
how to calculate.
i am not asking for formula
Please guide to me about gross profit method
how to calculate.
i am not asking for formula
CMA Ramesh Krishnan
(Expert)
03 September 2019
Gross profit = Sales minus Cost of Goods sold
CMA Ramesh Krishnan
(Expert)
03 September 2019
cost of goods sold is material plus all the direct expense including labour and other direct overheads
Amol S Joglekar
(Expert)
04 September 2019
where do you want to use gross profit method?
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
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
Amol S Joglekar
(Expert)
05 September 2019
it should be shown at actuals.
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