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Insurance claim on profits nd loss ac

When gross profit during 2012 was expected to decline by 2 % on sales by how much percent we should decrease from short sales nd annual turnover ?

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Sachin M

Sachin M

CA Inter

280

17-Feb-20

93

Answers (7)

I think,There is no reduction in sales n turnover.they just said decline in GP rate@2%(on sales basis said bcoz ,if don't they don't tell anything means we may get doubt on what basis whether on cash/sales basis). Short sales*(existing GP-2%)


Divya tejasri

Divya tejasri

CA Inter

11K+

17-Feb-20

Pls absorb the decrease in sales .i.e,compare the sales 1-1-2001 to 30-4-2001 with 1-1-2002 300k-240k=60k,60k/300*100=20% na like that asborb the decrease in trend


Divya tejasri

Divya tejasri

CA Inter

11K+

18-Feb-20

Always they don't tell us that there's a decrease in trend % but gives the information of decrease in trend of sales that is what we have to absorb and take the %


Divya tejasri

Divya tejasri

CA Inter

11K+

18-Feb-20

Suraj Lakhotia Admin

Nicely answered Divya! Keep it up!

Tq sir


Divya tejasri

Divya tejasri

CA Inter

11K+

19-Feb-20

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