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What else can I help you with?
Differentiate between normal profit and economic profit?
Economic profit is when revenue exceeds total cost of inputs. Normal profit, on the other hand, is net profit less costs.
Why net profit shown liabilities side in balance sheet?
Net profit is not shown on the liabilities side of the balance sheet. Net profit is shown on the income statement as a measure of a company's profitability over a specific period. The balance sheet, on the other hand, presents a company's financial position at a specific point in time, showing its assets, liabilities, and equity.
What is the difference between Reserves and Provision?
Reserve is a an amount set aside from the profit when it is calculated. On the other hand provision is an amount charged against profit and loss in order to assist in calculating the accurate profit.
Difference between ledger balance and available balance?
The available balance refers to the cash that can be withdrawn from the given account. The ledger balance on the other hand refers to the amount that is available in the account.
What is the ability to move the hand precisely in relation to what is seen?
The ability to move the hand precisely in relation to what is seen is HAND-EYE COORDINATION.
Is gross profit a current asset?
No, gross profit is not a current asset. Gross profit refers to the difference between revenue and the cost of goods sold, reflecting the profitability of a company's core operations. Current assets, on the other hand, include cash, accounts receivable, inventory, and other assets expected to be converted into cash or used within one year. Gross profit is part of the income statement, while current assets are reported on the balance sheet.
Where does the net loss go on a balance sheet?
Net profit doesn't appear in a balance sheet, it only appears in an income statement.
Where does bank go in a trading profit and loss account or balance sheet?
Well salaries payable is liability of an organization . This is a current liabilities so they are posted in capital and liability side of a balance sheet.
What is the relation between ethics and education?
The relation of them is in some way unified and ignore. In education, it must be to educate an ethics because there is good result in our society.On the other hand, some ignore because they hate to follow good.
Which direction describes the hand in relation to the shoulder?
distal
What is the difference between gross margin and net profit?
Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Revenue - Cost of Sales Net Profit = Revenue - Expenses Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales. The Net Profit, on the other hand, is Revenue minus ALL Expenses (including cost of sales).
Profit and customer service do not go hand in hand?
Profit and customer service are inversely proportional to one another. If we are good at customer service then we will loose the profits.RegardsVenkat
