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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Gross profit and net profit decreased
Replies (3)
No problem
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
Yes...
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