Gross profit

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Assistant
362 Points Posted on 07 August 2020
Sir

We have started business in last year in May 2019. we are supplier of marbles cut piece. please suggest how much gross profit show in books of account. my GP is 7.74%
kindly asvise
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On 07 August 2020 at 16:24 Report
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Quick Summary
This discussion addresses how a marble cut piece supplier, established in May 2019, should report their gross profit in their books of account. The user is seeking guidance on how to represent their current gross profit of 7.74%. The advice given is to show the actual profit.

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Practice
4510 Points Posted on 07 August 2020
Originally posted by : Surinder
SirWe have started business in last year in May 2019. we are supplier of marbles cut piece. please suggest how much gross profit show in books of account. my GP is 7.74%kindly asvise

Dear Surinder

Show Actual Profit 

1 Reply
On 07 August 2020 at 17:49
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Tax and Business Consultant
11616 Points Posted on 07 August 2020
Yes, Actually........I hope, ...we can 😂
1 Reply
On 07 August 2020 at 18:07
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Assistant
362 Points Posted on 07 August 2020
Thank you very much sir
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On 07 August 2020 at 18:21

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