Gross profit and net profit decreased

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B.com
3025 Points Posted on 10 October 2021
A small business person gross profit and net profit mentioned below
f.y.19-20 Gp 15.20 and net profit 13.25 percent
f.y.20-21 GP 14.30 and net profit 12.85 percent declared in it returns
question:
assess GP and NP decreased any problems future in it act.
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On 10 October 2021 at 22:34 Report
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Quick Summary
This discussion examines a slight decrease in both gross profit (GP) and net profit (NP) percentages over two financial years. While the reduction is noted, the consensus is that it's minor and not a cause for concern. The decline is attributed to a broader industry-wide downturn affecting most businesses.

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Chartered Accountant
24588 Points Posted on 11 October 2021
No problem
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On 11 October 2021 at 05:57
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Chartered Accountants
2015 Points Posted on 11 October 2021

as it is a minor reduction hence no issue .

 

Moreover GP and NP ratio of all business went down due downfall in almost all industry

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On 11 October 2021 at 10:36
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Chartered Accountant
24588 Points Posted on 17 October 2021
Yes...
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On 17 October 2021 at 06:20

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