Question

At first 20% profit is earned and
subsequently 15% loss is incurred in a
business. What is the overall percentage
of profit or loss ?

I knew u were not gonna talk to meh
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Answer 1

Answer:

Accounting Standard 22 has been prescribed by ICAI to be applied in accounting for taxes on income. This AS is applied to match the differences between accounting income and taxable income. 1. Accounting income is the net profit before tax for a period, as reported in the profit and loss statement.28-Jul-2021

The concept of virtual certainty: When an entity has unabsorbed depreciation or carry ...

Tax holiday: AS 22 specifically provides guidance regarding recognition of deferred t...

Revaluation of assets: AS 22 does not cover the difference arising between taxable i...

Recognition: AS 22 recognized tax effect of differences between taxable income and ...

Answer 2

Answer:

Happy Diwali to you too

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