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.
Rohan sold two watches to Sai for Rs. 891 each. He made a profit of 10% on one watch and a loss of 10% on the other. How much profit or loss did he make on the whole?
Advantages of profit and loss? keep track of your profits
Profits, as a percentage of total sales is 100*profits/value of sales.profit/cost price x 100
No, this is the offset of not having to pay taxes on 401K profits. Save
Profits and losses are determined via the income statement. When you close out the books for the year that profit or loss gets closed and becomes part of the retained earnings. A loss would decrease retained earning and a profit would increase it. Loosely put, the retained earnings account is a cummulation of all the profits and losses over the years (not counting any other things that affect the bottom line like dividends paid out and such)
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 & loss appropriation accounts are prepared after profits. Basic purpose is to show how the profits are distributed.NOT only profits but also concerned losses.
Advantages of profit and loss? keep track of your profits
formula of "Net Gold loss
Profits, as a percentage of total sales is 100*profits/value of sales.profit/cost price x 100
Unable to answer. If there was a net loss, the reasonable royalty award could be less, if there was a net profit it could be more. The answer depends on facts not disclosed in the question.
Profits = total revenues minus total costs.
No, this is the offset of not having to pay taxes on 401K profits. Save
This month will definitely give profits to investors.
It improves financial status of the nation. Financial markets give profits to the government.After getting profits by government they will give service to poor people.
according to the sharing ratio's of partners, we can distribute profit and loss account.
because producer decisions are motivated by the attempt to earn profits
details of profit and loss appropriation account Profit and loss appropriation account is prepared after profit and loss account..It s a account where the profits earned by the company is brought in from profit and loss accont and it s distributed to various accounts like interim divident account, provision for taxiation account, general reserve account etc.....it s a account which shows how the profits are distributed in an organisation.....