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To know about profit & loss

This query is : Resolved 
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(Querist)
29 March 2013 I Want to Know the Gross Profit if :-


1) Sale Amount = 1,20,000
2) Vat Received on Sale = 12,000
3) Purchase Amount = 1,00,000
4) Vat Paid on Purchase = 10,000
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
04 August 2013 Gross profit is difference between the sale and purchase so GP Rs. 20000
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