How gratuity is calculated and provisioned, and what are the implications of net profit ?

Question added by Khurrum Iqbal , Accountant , Akun Logistic Services
Date Posted: 2014/04/04

Upvote (1) Views (2) Followers (1) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

by Deleted user

Gratuity is calcualted as1/2 months salary for the number of completed year of service. or5 laksh whichever is less....

Upvote (0)

Downvote Reply () Report

How to calculate net profit Ratio?
Top Answer: It can be calculated by dividing the net profit amount with the sales figure. See More

Answers (1)
The Net Profit before this adjustment is $125000. What is Manager's commission and what the N/P after the adjustment?
Top Answer: <p>Manager's commission is $11,363.64</p> <p>N/P after commission is $113,636.36</p& ... See More

Answers (15)
28/02/18 28/02/17 N/C-A 792k-760k C-A 416k-280k NC-L 384k-400k C-L 48k-64k capital contrb. unchanged. Drawings R50 000.What’s net profit?
Top Answer: Asset - Liability = capital (760+280) - (400+64) = 1040-464 = 576K CA = 32 + 136 = 168 CL = 16+ 16 = 32 ... See More

Answers (1)
What are the methods to increase the net profit but actual the profit is very law ?
Top Answer: Need to survey the team as what performance they are to and fill the short falls,it is always better find ... See More

Answers (2)