Quarry in financial
This query is : Resolved
Shekar R Nandiboina
(Querist)
13 April 2014
hii friends my name is Shekar N I m working shriram finance I have one query in financial pls guyed me on of my client in ITR there are in the loss in asst year 2010-11 gross n net profit is on loss of 20.10lacs.still he is showing loss in books but turnover increased in every year it is possible.this year customer booked sales in 1.74cr the net profit is 2lacs n the gross profit is 3.85 lacs now he is applying businesses loan for us
Rupesh Jain
(Expert)
21 April 2014
may be your company operation exp are more than its Gross profit. then it will come loss.
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