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Accounting for loss for profit insurance

Sir while calculating the GROSS profit for the purpose of finding the % of GP WE take the net profit, what is this net profit ?


aman kawad

aman kawad

CA Inter

7K+

07-Jul-20 14:55

34

Answers (3)

Net profit for the last financial year


ruchi lahoti

ruchi lahoti

Moderator

08-Jul-20 12:17

Net profit is the actual profit received or profit after eliminating our expenses


Sudheer Kumar

Sudheer Kumar

CA Inter

75

11-Jul-20 08:24

Net profit is the profit after eliminating the expenses


rishi aravind

rishi aravind

CA Inter

1K+

11-Jul-20 23:59