Profit percentage
This query is : Resolved
Jogesh Jain
(Querist)
20 May 2014
HELLO ALL
IF TOTAL TURNOVER-1,30,00,000/-
TOTAL exp-1195589/-
how much profit should be kept for F.Y-13-14
Plz advice also to calculate profit percentage and how to determine wahat profit % should be kept?
In F.Y-12-13
Profit- Rs 199885.30/-
turnover-14341211.17/-
exp-14141325/-
IF TOTAL TURNOVER-1,30,00,000/-
TOTAL exp-1195589/-
how much profit should be kept for F.Y-13-14
Plz advice also to calculate profit percentage and how to determine wahat profit % should be kept?
In F.Y-12-13
Profit- Rs 199885.30/-
turnover-14341211.17/-
exp-14141325/-
Nikhil Kaushik
(Expert)
20 May 2014
rather a strange question. I would suggest that you move away from the -goal-seek formula based Chartered Accountants. Show the actual profit irrespective of whatever profit % is the result.
Rupesh Jain
(Expert)
20 May 2014
you have to calculate the closing stock value and determine the profit for the year.
you take audit report u/s 44AB as your sale more than one crores.
you take audit report u/s 44AB as your sale more than one crores.
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