Mahesh (Student) (386 Points)

09 June 2017  
Client ask, you say for e.g. net profit 5,00,000..

where it is?

they say I don't have that much cash/bank..

they don't account for non-cash items.

they say I purchase the material, process and sell it.. so profit should be in my hand..

purely cash items...

No provision, no depreciation.. nothing...