--%>
Assignment Help - homework help

State Net Profit

State Net Profit in brief?

E

Expert

Verified

Net Profit: In simple terms, net profit exhibits the amount that a company earns after paying all expenditures. When we deduct tax, dividend and reserve from this income, we can transfer it to balance sheet as retained earnings for future growth of business.

Net profit = Gross profit - indirect expenses

   Related Questions in Financial Accounting

  • Q : International diversification Evaluate

    Evaluate the home country’s multinational corporations as a tool for the international diversification.

    		•
  • Q : Progressives The progressives were

    The progressives were fascinated in “making people better.” What types of things were they fascinated in changing and who were they aiming their changes at?

    		•
  • Q : What do you mean by the term Equity

    What do you mean by the term Equity. Briefly explain it.

    		•
  • Q : What is Capital Capital : In easy word,

    Capital: In easy word, capital signifies the amount or asset that is invested in business by businessman or owner of business. Whenever the business is closed, after paying exterior creditors, balance amount will be his capital that he can attain.

    		•
  • Q : Prepare relevant ledger accounts

    Journalize the below transactions, prepare relevant ledger accounts and finally trial balance. . XYZ Pvt Ltd 01.01.2009 Started business

    		•
  • Q : Restrictions of standard costing Write

    Write down the restrictions of standard costing?

    		•
  • Q : Drawback of Electronic Funds Transfer

    What are the drawback of Electronic Funds Transfer?

    		•
  • Q : Define Conspicuous Consumption

    Conspicuous Consumption: It is the phenomena of spending money on services and goods which are not required but keeping them gives you a high social status. Those things are kept mainly for the purpose of displaying and creating a false image of your

    		•
  • Q : Prepare journal entry to record

    On December 31, 20x1, the Juniper Company purchase a group of four assets for a total cost of $850,000. An independent appraiser assesses the fair value of each asset as follows: Asset Fair Value Land $100,000 Building 600,000 Equipment 250

    		•
  • Q : Accounting Treatment of Expenditures

    Describe the term Accounting Treatment of Expenditures? Why it is used.

    		•