gross profit definition and formula
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gross profit definition and formula

4. The determination of accounting earnings shall follow the principle of revenue confirmation. The current accounting practice and the law's view of earnings are still: only after the relevant conditions of the asset value increase are met, the benefits can be generated. Income and appreciation must be measured objectively, determined or unalterable, and must be verified through some business or accounting matters. In other words, the determination of accounting income should be based on the following two principles: the realization principle of income determination and the prudent principle of income determination. According to the realization principle of revenue recognition, the enterprise income should be divided into operating income and profit and loss. The determination of operating earnings must happen in selling goods or services and other key issues, and the profit and loss refers to the production of the assets held realized gains and losses, unrealized gains and losses caused by price change is not confirmed. According to the principle of steady earnings determine when a has a variety of economic business accounting methods for when the choice, should choose the most don't overestimate the method of income, it should not be overestimated revenues and should not be underestimated cost two aspects. Keloid scars are some in the most unsightly types of scars you can become victim to. These raised scars are large and irregular shaped, often growing well after dark original bounds in the wound and rarely ever subsiding independently. They are reddish purple, smooth, and shiny making people desperate to take them off. There are various goods that falsely claim keloid removal and lots of people may turn to believe that a good solution just doesn't exist. However, keloid scar removal is not impossible! But first you have to find the best treatment. Profit is not only the same in quality, but also the essence of profit. Profit is the form of corporate profit, and is also equal in quantity. The difference in profit is that for variable capital, profit is for all costs. Once earnings into profits, therefore, the origin of profits and material production is made it is a reflection of the "(" the complete works of Marx and Engels in volume 25, page 56), and thus has the various forms of money. In capitalist society, the essence of profit is: it is the product of capital, it has nothing to do with labor. (1) the equity of enterprises in general (including the transfer of shares, or shares, buy and sell, should according to the state administration of taxation on several tax equity investment business issues notice "(guoshuifa (2000) no. 118) the relevant provisions. Where the equity transferor should share the accumulated undistributed profit or accumulated surplus accumulation fund of the investor, the income derived from the transfer of equity shall not be recognized as the income derived from the nature of the dividend.