Quote:
Originally Posted by Khudayar
net profit is equal to ?
1. all receipts-all payments
2. capital expediture-capital expenses
3. revenue receipt-revenue expenditure
Well i think all receipts-all payments is also right. tricky question 
khudayar hussain baloch
I think all kind of cheaques can be dishonored. 
What would be merit for Accounts officer?
If any body have some information then please share.
I think the merit would be 85+
Khuda Yar Hussain Baloch |
Gentelman difference of all receipts and all payments can never be equal to profit. because in all payments you consider cost of acquiring a fixed asset such as building machinary etc, which is a capital expenditure.