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
- A bill of exchange was accepted by the drawee and later discounted by drawer with bank. On maturity, the drawee defaulted. Who is liable?
- The person in whose Favor a bill is endorsed is called:
- Noting charges are recoverable from:
- Which of the following is an example of transaction in money under GST laws
- Which accounting standard governs the treatment of inventories in India?
- The term 'Days of Grace' in relation to a bill of exchange refers to:
- A negotiable instrument as per the Negotiable Instruments Act, 1881 includes:
- Mr. Arvind drew a bill of exchange of ₹1,00,000 payable after 3 months on Mr. Rohit, who accepted the bill. Before maturity, Mr. Arvind endorsed the bill t...
- A bill of ₹50,000 discounted @12% p.a. for 3 months. Bank discount = ?
- The party who is entitled to receive the payment of a bill of exchange is called the:
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