I have a question. If two persons A and B got the profit of 9600 and they shared the profit in 5:7 ratio. then what is the share of A. Give me the step by step solution.
first i want to tell u that u wrote question in the answer coulumn
well the answer of ur question is ;
the sum of the ratio is 5+7=12
share of A =5/12 MULTIPLY BY 9600 = 4000
share of B = 7/12 multiply by 9600 =5600
Profit or loss = income - expenses. A positive number is profit, a negative number is loss.
: Profit and loss account gives the actual information about net profit or net loss of the business for an accounting period, Profit and loss account gives the actual information about indirect expenses, Profit and loss account serves to show the ratio between net profit to sales, Profit and loss account helps in showing the ratio between net profit to operating expenses, Profit and loss account helps in controlling indirect expenses
profit
formula of profit sharing bonus
The basic principle is this. Income exceeds expenditure = PROFIT Expenditure exceeds income = LOSS No profit or loss = BREAK-EVEN
You calculate loss the same as you would do profit income minus expenses (outgoings) = profit/loss If the answer is negative then you are making a loss, if the answer is positive then you are making a profit.
to find the profit you have to subtract the selling price from the cost price formula :- SP - CP = P to find the loss you have to subtract the cost price from the selling price formula :- CP - SP = L
Profit or loss = income - expenses. A positive number is profit, a negative number is loss.
Tradition, and the need to call it something.
Formula:Profit = Selling Price (SP) - Cost Price (CP)Loss = Cost Price (CP) - Selling Price (SP)
Profit and Loss.
The incremental profit or loss is the change in profit or loss over the designated time period. After calculating the profit or loss, for example on a monthly basis, the delta between that and the average monthly profit or loss from the prior year can be determined.
a man purchased a dozen pens for rs 25 each and them at rs 28 each.find the total profit as well as the profit per cent on the transaction.
Profit and loss accont is used to calculate the profit or loss of business while profit and loss appropriation account is used to allocate or distribute net income or loss to share holders or different reserves account.
what are the advantages of profit and loss statement?
"What are the limitations of profit and loss account?"
: Profit and loss account gives the actual information about net profit or net loss of the business for an accounting period, Profit and loss account gives the actual information about indirect expenses, Profit and loss account serves to show the ratio between net profit to sales, Profit and loss account helps in showing the ratio between net profit to operating expenses, Profit and loss account helps in controlling indirect expenses