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Profit and turnover
Accountancy
answered on 03-Aug-20 14:06
What is the difference between profit and turnover?
latest answer
Turnover is your total business income during a set period of time รข?? in other words, the net sales figure. Profit, on the other hand, refers to your earnings that are left after any expenses have been deducted. Both profit and turnover in business measure earnings. But turnover measures them before taking out major costs. Profit is residual earnings after costs. You can also view it as the money your business gets to keep after reducing the net sales figures by all expenses.
Gomathi K
CA Final
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1
705
Equations
Maths & Stats
answered on 04-Aug-20 15:40
Two numbers are such that twice the greater number exceeds twice the smaller one by 18 and 1/3rd of the smaller and 1/5th of the greater number are together 21. The numbers are: a) (36, 45) b) (45, 36) c) (50, 41) d) (55, 46) Sir here both a and b satisfy the sum. ICAI OPTION IS B. but if I take greater no is y then option can be a SO HOW TO DIFFERENTIATE
latest answer
Please solve it and check
Prasanth Kumar
CA Inter
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13
708
1FIN
Others
answered on 03-Aug-20 08:31
Is there an option to download the videos Offline and watch it? Since the iPhone app opens the videos through safari and not in the app.. thereรข??s no such option as to download the videos offline.
latest answer
We are working on iOS. It will take some time.
Gnanakshi Dandapani
CA Final
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1
610
Return
Indirect Taxation
answered on 03-Aug-20 10:10
In which section is this question covered ?
latest answer
Page 10.9 see descriptiotn of valid return
Swathi Krishna
CA Final
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3
665
Aggregate turnover
Indirect Taxation
answered on 03-Aug-20 09:03
Why is the interest on loans & advances not included in the value of the exempt supplies while calculating the aggregate turnover
latest answer
Interest income is considered for Registration purposes but not for Composition Scheme with respect to Aggregate Turnover.
Swathi Krishna
CA Final
โ 8K+
1
664
Acceptance of deposits
Corporate & Other Laws
answered on 02-Aug-20 18:04
Amount that private company can raise from the members is 100 % But in the notes(by indigolearn) is different and class is different?
latest answer
K thax
Swathi Krishna
CA Final
โ 8K+
2
878
Banking companies
Accountancy
answered on 02-Aug-20 22:36
Is current CRR and SLR ratio need to be applied in exam or whatever there in study material ??
latest answer
The rates should be as per the amendments which are applicable for the attempt that you are writing exams.
anamika vardhan
CA Inter
โ 1K+
1
654
Banking companies
Accountancy
answered on 08-Aug-20 14:07
What is the percentage of profit to be transferred to statutory reserve 20% or 25% ??
latest answer
The percentages relevant for the exams would be as per the amendments applicable for the concerned exam the student writes. It is 20%
anamika vardhan
CA Inter
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3
684
16.Amendments-Gst
Indirect Taxation
answered on 02-Aug-20 15:55
Under input tax credit & otheres tab Sec 18 (3) explained. I read the section but in explanation sir telling that transfer of business on the death of transferor to transferee whatever itc have in transferee electronic credit ledger transfer to transferee.... Is it mandatory that transfer,sale,merger took place only the event of death by transferor?
latest answer
Thank u sir
AKHIL KOSHY
CA Final
โ 7K+
2
645
Equations
Maths & Stats
answered on 02-Aug-20 15:34
The product of two numbers is 3200 and the quotient when the larger number is divided by the smaller is 2.The numbers are a) (16, 200) b) (160, 20) c) (60, 30) d) (80, 40) How to do without option verification
latest answer
When you solve these kind of problems by assuming variables as x & y, if you do not have two complete equations of x & y , you will get multiple answers . In this case if we assume all numbers are whole numbers and there are no decimals then xy = 3200 & x/y = 2; from equation x/y = 2 , x = 2y which can be substituted in equation 1 to get 2yy = 3200 and y = 40 => x = 80 . But there is no need to do all this when you already have options.
Prasanth Kumar
CA Inter
โ 13K+
1
810