- Messages
- 57
- Reaction score
- 29
- Points
- 18
o
it means net profit / opening capital employed
the net profit is for current year and capital employed is for past year
to find opening capital employed
Loan 6000
+capital beggining 5000
+net profit beg. * which is retained profit brought forward* 1200
to be 6000+6200
so 4000/12200
and *100 as asked for percentage
I know it is hard to understand but thats accounting
okay....October/November 2011 variant 13 question no 6c
it means net profit / opening capital employed
the net profit is for current year and capital employed is for past year
to find opening capital employed
Loan 6000
+capital beggining 5000
+net profit beg. * which is retained profit brought forward* 1200
to be 6000+6200
so 4000/12200
and *100 as asked for percentage
I know it is hard to understand but thats accounting