ICICI

Explanation


Mfinal (Student)     09 June 2017

Mfinal
Student 
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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...

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Shivani Thacker (.Student)     09 June 2017

Shivani Thacker
.Student 
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How it's possible ?

ask client regarding assets used in business n for processing goods

so u cn claim depreciation on it

also if client is not having that much cash or bank balance ( as u mentioned) then how is he running business?

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Praveen Kachhawa (Financial Accountant)     10 June 2017

Praveen Kachhawa
Financial Accountant 
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Profit will be in as. 1 cash/bank bal. 2 stock in hand 3 debtors 4 assets 5 loans and advances 6 investments 7 heavy capital withdrawl

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Mfinal (Student)     11 June 2017

Mfinal
Student 
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they u leave assets and all other things..

business running but cash comes and goes..

but profit element i don't have
that much..


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