Export benefit needs to be added in the net income
ask mr mills
They literally mean the same thing.
Cost of sales is the expenses to earn sales so cost of sales and net sales are not same, formula for gross profit is as follows: Gross profit = Sales - Cost of sales
To dial a mobile phone when it is overseas, dial exactly the same number you would if that mobile phone were at home.
Is the same thing as Net Sales.
Net sales and Net Income are not of the same thing. Net sales is sales less its contra accounts (sales returns and allowances, sales discounts). On the other hand, net income or profit is net sales less the expenses.
yes they do but if the cash sales and credit sales ar the same number they equal subsales
No
no
All products acquired and consumed within New Zealand will pay GST on those products "consumed" within NZ.Goods that you export or are going to export qualify for GST zero-rating.Services supplied directly to overseas organisations located outside New Zealand qualify for GST zero-rating. eg Services supplied directly in connection with land or buildings located outside New Zealand qualify for zero-rating. These may include architectural, real estate and legal services. A New Zealand architect who designs a building to be constructed on an overseas property for an overseas client is an export of the architectural services. Legal advice about a criminal matter given to a person living in Australia by a lawyer who is resident in New Zealand is an export of legal services. The "benefits" of each exported service are obtained outside of New Zealand.Zero-rated goods and services levy/charge GST at 0% (zero) rather than 15% levied on the same goods and services consumed in NZ.
For the same reasons it exports to other countries. For profit.