Question
If revenue from operations is Rs.60,00,000 Gross Profit ratio is 60%, Operating expenses are Rs.4,00,000 and Income tax rate is 30%, what will be the operating Profit?
More Bills of Exchange Questions
- Which accounting standard governs the treatment of inventories in India?
- When a bill is discounted with the bank, the party that bears the loss if the bill is dishonored at maturity is the:
- If revenue from operations is Rs.60,00,000 Gross Profit ratio is 60%, Operating expenses are Rs.4,00,000 and Income tax rate is 30%, what will be the opera...
- The person who draws a bill of exchange is called the:
- A bill of exchange drawn on 15th March for 2 months will mature on:
- When a bill is dishonored, the drawer's account is debited in the books of the drawee because:
- A bill of ₹50,000 discounted @12% p.a. for 3 months. Bank discount = ?
- The term 'Days of Grace' in relation to a bill of exchange refers to:
- Noting charges are ultimately borne by the:
- Accounts relating to income, revenue, gain expenses, and losses are termed as:
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