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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
CA Inter
★ 7K+
07-Jul-20 14:55
35
Answers (3)
Net profit for the last financial year
ruchi lahoti
Moderator
08-Jul-20 12:17
Net profit is the actual profit received or profit after eliminating our expenses
Sudheer Kumar
★ 75
11-Jul-20 08:24
Net profit is the profit after eliminating the expenses
rishi aravind
★ 1K+
11-Jul-20 23:59