What is Net Profit Percentage?
March 5, 2012
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Net Profit % before/after Tax = Net Profit before or after Tax /Sales Net Profit % before/after Tax shows the profit per R1 of sales
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Category: Expenses
What is Gross Profit Percentage?
March 5, 2012
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Gross Profit % is also known as Gross Margin % Gross Profit % = Gross Profit / Sales Higher the gross profit %, higher the
What is Net Profit?
March 5, 2012
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Gross Profit Less Operating Expenses = Net profit before tax Less Tax = Net Profit after tax Net Profit shows the profit, after all expenses,
What is Gross Profit?
March 5, 2012
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Sales Less Cost of Sales = Gross Profit Gross Profit excludes operating expenses, interest and taxation Gross Profit shows the profit after deducting direct costs
What are Operating Expenses?
March 4, 2012
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Operating Expenses Operating expenses arise in normal operation & running of the business – the day to day activities Operating Expenses not directly related to
What is a Prepaid Expense?
March 4, 2012
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Prepaid Expense Prepaid expense is expense paid in the current the financial year in respect of the following financial year Prepaid Expense will decrease the
What is an Accrued Expense?
March 4, 2012
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Accrued Expense Accrued expense is expense incurred but unpaid at the end of the financial year Accrued Expense will increase the expense in the Income
What is the difference between Cost and Expense?
March 4, 2012
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Cost versus Expense Cost is R value of economic resource to undertake an activity (e.g manufacture product or render service) Expense is the cost that
What is Cost of Sales?
March 4, 2012
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Cost of Sales Opening stock Plus Purchases Less Closing stock = Cost of Sales Cost of Sales is direct cost of product sold, shown in
What is Input VAT?
March 4, 2012
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Input VAT If your business is registered for VAT, you can claim back VAT charged to you on products and services Input VAT = Expense